Brad Vincent Hutjens Sells 6,000 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $115.30, for a total value of $691,800.00. Following the completion of the sale, the executive vice president now owns 26,674 shares in the company, valued at approximately $3,075,512.20. This represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Brad Vincent Hutjens also recently made the following trade(s):

• On Friday, November 8th, Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.90, for a total value of $499,050.00.
• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The stock was sold at an average price of $112.35, for a total value of $1,011,150.00.
• On Wednesday, November 6th, Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $106.35, for a total value of $1,435,725.00.
• On Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The stock was sold at an average price of $102.85, for a total value of $468,996.00.
• On Friday, October 25th, Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total value of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The shares were sold at an average price of $101.85, for a total value of $20,370.00.

Nicolet Bankshares Trading Up 0.0 %

NYSE NIC opened at $111.84 on Friday. 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’s 50 day moving average is $99.88 and its 200 day moving average is $91.35. Nicolet Bankshares, Inc. has a twelve month low of $72.70 and a twelve month high of $116.17. The firm has a market capitalization of $1.70 billion, a PE ratio of 14.23 and a beta of 0.75.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The business had revenue of $91.24 million for the quarter, compared to the consensus estimate of $86.50 million. Research analysts forecast that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently announced 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 1.00%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio (DPR) is 14.25%.

Institutional Investors Weigh In On Nicolet Bankshares

Several hedge funds have recently added to or reduced their stakes in NIC. BNP Paribas Financial Markets boosted its holdings in Nicolet Bankshares by 89.5% in the first quarter. BNP Paribas Financial Markets now owns 6,456 shares of the company’s stock worth $555,000 after acquiring an additional 3,050 shares in the last quarter. ProShare Advisors LLC purchased a new position in shares of Nicolet Bankshares in the first quarter worth $203,000. Blair William & Co. IL purchased a new position in shares of Nicolet Bankshares in the first quarter worth $201,000. Vanguard Group Inc. raised its stake in shares of Nicolet Bankshares by 1.2% in the first quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock worth $60,704,000 after purchasing an additional 8,213 shares during the last quarter. Finally, EntryPoint Capital LLC raised its stake in shares of Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after purchasing an additional 543 shares during the last quarter. 43.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Maxim Group lifted their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from 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.