Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells 3,975 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,975 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total value of $469,368.00. Following the completion of the sale, the director now owns 30,317 shares in the company, valued at $3,579,831.36. The trade was a 11.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.05, for a total value of $16,507.50.
• On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total value of $859,817.00.
• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total value 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 value of $389,398.00.

Nicolet Bankshares Price Performance

NYSE NIC opened at $118.50 on Friday. The business’s fifty day moving average price is $109.30 and its 200-day moving average price is $103.13. Nicolet Bankshares, Inc. has a 1-year low of $75.24 and a 1-year high of $120.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.76 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last announced its earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, equities analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is presently 13.95%.

Institutional Trading of Nicolet Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of NIC. JPMorgan Chase & Co. grew its stake in shares of Nicolet Bankshares by 132.8% during the 4th quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company’s stock valued at $8,014,000 after acquiring an additional 43,567 shares during the period. Renaissance Technologies LLC purchased a new position in Nicolet Bankshares during the fourth quarter valued at approximately $2,474,000. Dimensional Fund Advisors LP boosted its position in shares of Nicolet Bankshares by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company’s stock worth $67,325,000 after purchasing an additional 21,819 shares during the period. Martingale Asset Management L P purchased a new stake in shares of Nicolet Bankshares in the fourth quarter worth $1,898,000. Finally, Teacher Retirement System of Texas raised its position in shares of Nicolet Bankshares by 284.8% during the 4th quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company’s stock valued at $2,312,000 after purchasing an additional 16,308 shares during the period. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NIC shares. Piper Sandler upped their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Maxim Group upped their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $119.00.

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.