Brad Vincent Hutjens Sells 4,500 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 4,500 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $110.90, for a total transaction of $499,050.00. Following the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $2,958,146.60. This trade represents a 14.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction 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 transaction 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 transaction 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 transaction of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.85, for a total transaction of $20,370.00.

Nicolet Bankshares Price Performance

Shares of Nicolet Bankshares stock opened at $111.98 on Friday. The company’s 50-day moving average price is $99.20 and its two-hundred day moving average price is $90.87. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.70 billion, a PE ratio of 14.25 and a beta of 0.75. Nicolet Bankshares, Inc. has a 52 week low of $72.70 and a 52 week high of $116.17.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $86.50 million. As a group, sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 7.74 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 annualized dividend and a yield of 1.00%. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Maxim Group lifted their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Stephens upped their price objective on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Nicolet Bankshares presently has an average rating of “Hold” and a consensus price target of $106.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new position in Nicolet Bankshares in the second quarter valued at about $67,000. EntryPoint Capital LLC grew its stake in Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after purchasing an additional 543 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Nicolet Bankshares during the 3rd quarter worth approximately $155,000. Blair William & Co. IL bought a new position in shares of Nicolet Bankshares during the 1st quarter worth approximately $201,000. Finally, ProShare Advisors LLC bought a new stake in Nicolet Bankshares in the 1st quarter valued at $203,000. 43.06% of the stock is currently owned by institutional investors and hedge funds.

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.