Nicolet Bankshares (NYSE:NIC) Director Robert Bruce Atwell Sells 6,396 Shares of Stock

Nicolet Bankshares Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 6,396 shares of Nicolet Bankshares stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $155.47, for a total value of $994,386.12. Following the sale, the director owned 34,054 shares of the company’s stock, valued at approximately $5,294,375.38. This represents a 15.81% 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.

Nicolet Bankshares Price Performance

Shares of NIC opened at $161.01 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $2.38 billion, a PE ratio of 16.43 and a beta of 0.79. The firm’s 50 day moving average price is $137.48 and its 200 day moving average price is $132.13. Nicolet Bankshares Inc. has a twelve month low of $97.90 and a twelve month high of $162.00.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, January 20th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.55 by $0.18. The company had revenue of $103.99 million during the quarter, compared to the consensus estimate of $79.67 million. Nicolet Bankshares had a net margin of 26.98% and a return on equity of 12.65%. As a group, research analysts expect that Nicolet Bankshares Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 2nd. Nicolet Bankshares’s dividend payout ratio is presently 13.06%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NIC shares. Keefe, Bruyette & Woods upped their price target on Nicolet Bankshares from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Hovde Group reaffirmed an “outperform” rating and set a $190.00 target price on shares of Nicolet Bankshares in a research report on Tuesday, January 27th. Zacks Research raised shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Piper Sandler upgraded shares of Nicolet Bankshares from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $148.00 to $185.00 in a research note on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Nicolet Bankshares in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $179.50.

Institutional Investors Weigh In On Nicolet Bankshares

Several hedge funds have recently modified their holdings of NIC. First Trust Advisors LP grew its stake in shares of Nicolet Bankshares by 50.6% in the second quarter. First Trust Advisors LP now owns 519,013 shares of the company’s stock worth $64,088,000 after acquiring an additional 174,361 shares during the last quarter. American Century Companies Inc. boosted its holdings in Nicolet Bankshares by 485.7% in the 2nd quarter. American Century Companies Inc. now owns 184,281 shares of the company’s stock valued at $22,755,000 after purchasing an additional 152,817 shares during the period. Millennium Management LLC acquired a new stake in Nicolet Bankshares in the 4th quarter worth $7,949,000. JPMorgan Chase & Co. increased its holdings in shares of Nicolet Bankshares by 247.1% during the 4th quarter. JPMorgan Chase & Co. now owns 82,920 shares of the company’s stock worth $10,058,000 after purchasing an additional 59,031 shares during the period. Finally, Boston Partners increased its holdings in shares of Nicolet Bankshares by 40.6% during the 3rd quarter. Boston Partners now owns 199,396 shares of the company’s stock worth $26,789,000 after purchasing an additional 57,536 shares during the period. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.