Nicolet Bankshares (NYSE:NIC) Director Sells $501,881.77 in Stock

Nicolet Bankshares Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,331 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $150.67, for a total value of $501,881.77. Following the completion of the transaction, the director owned 34,054 shares in the company, valued at $5,130,916.18. This represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, February 18th, Robert Bruce Atwell sold 6,396 shares of Nicolet Bankshares stock. The stock was sold at an average price of $155.47, for a total value of $994,386.12.

Nicolet Bankshares Trading Up 1.6%

NIC stock traded up $2.39 during midday trading on Monday, hitting $150.42. 218,485 shares of the company’s stock were exchanged, compared to its average volume of 205,789. Nicolet Bankshares Inc. has a 1-year low of $97.90 and a 1-year high of $163.11. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $2.23 billion, a PE ratio of 15.35 and a beta of 0.77. The business has a 50-day simple moving average of $142.86 and a two-hundred day simple moving average of $133.99.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, January 20th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.55 by $0.18. The business had revenue of $103.99 million for the quarter, compared to analyst estimates of $79.67 million. Nicolet Bankshares had a return on equity of 12.49% and a net margin of 26.98%. On average, sell-side analysts predict that Nicolet Bankshares Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business 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 $0.32 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Nicolet Bankshares’s dividend payout ratio is presently 13.06%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NIC shares. Maxim Group lifted their price target on shares of Nicolet Bankshares from $161.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Nicolet Bankshares from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Zacks Research raised shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. Finally, Piper Sandler raised Nicolet Bankshares from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $148.00 to $185.00 in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $179.50.

Institutional Investors Weigh In On Nicolet Bankshares

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in Nicolet Bankshares in the fourth quarter valued at approximately $2,048,000. Mercer Global Advisors Inc. ADV grew its holdings in Nicolet Bankshares by 4.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,153 shares of the company’s stock worth $989,000 after acquiring an additional 363 shares in the last quarter. Mendon Capital Advisors Corp increased its position in shares of Nicolet Bankshares by 1.0% in the 4th quarter. Mendon Capital Advisors Corp now owns 20,000 shares of the company’s stock valued at $2,426,000 after purchasing an additional 200 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Nicolet Bankshares by 812.6% in the 4th quarter. Voloridge Investment Management LLC now owns 48,542 shares of the company’s stock valued at $5,888,000 after purchasing an additional 43,223 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in shares of Nicolet Bankshares by 196.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 84,708 shares of the company’s stock valued at $10,275,000 after purchasing an additional 56,086 shares in the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

About Nicolet Bankshares

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.