Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell Sells 150 Shares

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 150 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $110.05, for a total transaction of $16,507.50. Following the completion of the transaction, the director now owns 30,317 shares in the company, valued at $3,336,385.85. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert Bruce Atwell also recently made the following trade(s):

• On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total transaction of $859,817.00.
• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total transaction of $389,398.00.
• On Thursday, November 7th, Robert Bruce Atwell sold 14 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.00, for a total value of $1,540.00.

Nicolet Bankshares Stock Performance

Shares of NIC stock opened at $110.71 on Friday. Nicolet Bankshares, Inc. has a 52-week low of $73.00 and a 52-week high of $116.17. The stock’s 50-day moving average price is $108.31 and its 200 day moving average price is $101.71. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.68 billion, a PE ratio of 13.79 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. As a group, equities research analysts forecast that Nicolet Bankshares, Inc. will post 8.1 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.95%.

Analyst Ratings Changes

A number of research analysts recently issued reports on NIC shares. Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd. Piper Sandler raised their target price on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Maxim Group upped their price target on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $119.00.

Institutional Trading of Nicolet Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers raised its position in Nicolet Bankshares by 1.5% in the fourth quarter. Rhumbline Advisers now owns 19,955 shares of the company’s stock worth $2,093,000 after acquiring an additional 299 shares in the last quarter. Merit Financial Group LLC increased its holdings in Nicolet Bankshares by 1.7% in the fourth quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock valued at $3,624,000 after buying an additional 592 shares in the last quarter. Creative Planning lifted its position in shares of Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock valued at $1,194,000 after acquiring an additional 777 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Nicolet Bankshares by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Nicolet Bankshares by 7.9% in the 3rd quarter. Fisher Asset Management LLC now owns 14,978 shares of the company’s stock valued at $1,432,000 after purchasing an additional 1,092 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

About Nicolet Bankshares

Nicolet Bankshares, Inc operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin and Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.