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 Nicolet Bankshares stock in a transaction on Wednesday, January 29th. The stock was 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 directly owns 30,317 shares in the company, valued at approximately $3,336,385.85. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 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 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 Up 0.4 %

Shares of NYSE NIC traded up $0.44 during midday trading on Thursday, hitting $110.71. The stock had a trading volume of 31,358 shares, compared to its average volume of 45,644. The company has a market cap of $1.68 billion, a P/E ratio of 13.79 and a beta of 0.77. 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 business’s 50 day moving average is $108.31 and its 200-day moving average is $101.71. Nicolet Bankshares, Inc. has a 52 week low of $73.00 and a 52 week high of $116.17.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts predict that Nicolet Bankshares, Inc. will post 8.1 EPS for the current year.

Nicolet Bankshares Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in shares of Nicolet Bankshares during the 3rd quarter valued at approximately $528,000. Barclays PLC lifted its stake in shares of Nicolet Bankshares by 170.7% during the 3rd quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after buying an additional 15,121 shares in the last quarter. State Street Corp increased its stake in Nicolet Bankshares by 3.7% in the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after buying an additional 13,772 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Nicolet Bankshares by 111.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock valued at $3,138,000 after purchasing an additional 17,314 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Nicolet Bankshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after purchasing an additional 4,911 shares in the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NIC shares. Piper Sandler upped 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. Keefe, Bruyette & Woods upped 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. Finally, Maxim Group raised 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $119.00.

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.