Nicolet Bankshares (NYSE:NIC) Stock: Insider Eric James Witczak Sells 600 Shares

Nicolet Bankshares Inc. (NYSE:NIC) EVP Eric Witczak sold 600 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $173.11, for a total value of $103,866.00. Following the completion of the transaction, the executive vice president directly owned 32,724 shares in the company, valued at $5,664,851.64. The trade was a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Nicolet Bankshares Stock Performance

Shares of NYSE NIC traded up $3.04 during trading hours on Monday, reaching $176.16. 134,213 shares of the stock were exchanged, compared to its average volume of 207,283. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 19.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90. Nicolet Bankshares Inc. has a 52 week low of $118.33 and a 52 week high of $180.00. The stock’s fifty day simple moving average is $168.10 and its 200 day simple moving average is $157.98.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, October 20th. The company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.08. The business had revenue of $174.43 million during the quarter, compared to analysts’ expectations of $173.64 million. Nicolet Bankshares had a return on equity of 11.27% and a net margin of 22.11%. Sell-side analysts predict that Nicolet Bankshares Inc. will post 12.10 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, December 1st. This represents a $1.44 annualized dividend and a yield of 0.8%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 15.93%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NIC. Stephens lifted their target price on Nicolet Bankshares from $185.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, October 23rd. Weiss Ratings upgraded shares of Nicolet Bankshares from a “buy (a)” rating to a “buy (a+)” rating in a research note on Wednesday. Piper Sandler boosted their price objective on shares of Nicolet Bankshares from $194.00 to $196.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $184.80.

Institutional Trading of Nicolet Bankshares

Large investors have recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new position in Nicolet Bankshares in the 2nd quarter worth about $5,380,000. Principal Financial Group Inc. raised its position in Nicolet Bankshares by 344.3% in the second quarter. Principal Financial Group Inc. now owns 124,379 shares of the company’s stock valued at $20,571,000 after purchasing an additional 96,387 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Nicolet Bankshares during the second quarter valued at about $4,809,000. BlackRock Inc. boosted its stake in shares of Nicolet Bankshares by 86.3% during the second quarter. BlackRock Inc. now owns 3,027,246 shares of the company’s stock valued at $500,676,000 after purchasing an additional 1,402,419 shares in the last quarter. Finally, Heartland Advisors Inc. bought a new stake in shares of Nicolet Bankshares during the second quarter worth about $9,222,000. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Company Profile