Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $1,459,613.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 14,171 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $103.00, for a total transaction of $1,459,613.00. Following the transaction, the director now directly owns 33,315 shares in the company, valued at approximately $3,431,445. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, October 28th, Robert Bruce Atwell sold 2,721 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.00, for a total transaction of $280,263.00.
• On Tuesday, October 22nd, Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.01, for a total transaction of $252,525.00.
• On Friday, October 18th, Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock. The shares were sold at an average price of $103.22, for a total transaction of $300,163.76.

Nicolet Bankshares Stock Up 0.2 %

NYSE NIC traded up $0.24 on Wednesday, hitting $102.93. The stock had a trading volume of 58,691 shares, compared to its average volume of 41,083. The business’s fifty day moving average price is $96.84 and its 200 day moving average price is $88.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares, Inc. has a 52-week low of $71.51 and a 52-week high of $105.00. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 13.23 and a beta of 0.76.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Hedge Funds Weigh In On Nicolet Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Nicolet Bankshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after buying an additional 16,952 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Nicolet Bankshares by 2,480.2% during the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after buying an additional 157,566 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Nicolet Bankshares by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock worth $5,479,000 after buying an additional 4,007 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Nicolet Bankshares by 9.9% during the second quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock worth $512,000 after buying an additional 555 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Nicolet Bankshares by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock worth $3,783,000 after buying an additional 192 shares during the period. 43.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NIC shares. Piper Sandler lifted their price objective on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Stephens lifted their price objective on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Finally, Maxim Group lifted their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $106.00.

Nicolet Bankshares Company Profile

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.