Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $171,080.60 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 1,516 shares of Nicolet Bankshares stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $112.85, for a total value of $171,080.60. Following the completion of the sale, the executive vice president now directly owns 29,593 shares of the company’s stock, valued at $3,339,570.05. The trade was a 4.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, November 25th, Brad Vincent Hutjens sold 5,838 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.58, for a total value of $663,080.04.
• On Wednesday, November 13th, Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock. The stock was sold at an average price of $115.30, for a total value of $691,800.00.
• On Friday, November 8th, Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.90, for a total value of $499,050.00.
• 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 value 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 value of $1,435,725.00.
• On Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total value 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 value of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The shares were sold at an average price of $101.85, for a total value of $20,370.00.

Nicolet Bankshares Price Performance

Shares of Nicolet Bankshares stock traded up $1.30 during trading hours on Tuesday, hitting $113.53. The company’s stock had a trading volume of 13,015 shares, compared to its average volume of 43,188. The business has a 50 day moving average price of $101.77 and a two-hundred day moving average price of $92.73. Nicolet Bankshares, Inc. has a 12-month low of $72.70 and a 12-month high of $116.17. The company has a market cap of $1.73 billion, a PE ratio of 14.28 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $86.50 million. Analysts expect that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.28 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.99%. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Institutional Investors Weigh In On Nicolet Bankshares

A number of hedge funds have recently made changes to their positions in NIC. Rothschild Investment LLC purchased a new stake in shares of Nicolet Bankshares in the second quarter worth about $67,000. Quantbot Technologies LP purchased a new stake in shares of Nicolet Bankshares in the third quarter worth about $155,000. ProShare Advisors LLC purchased a new stake in shares of Nicolet Bankshares in the first quarter worth about $203,000. Virtu Financial LLC purchased a new stake in shares of Nicolet Bankshares in the third quarter worth about $264,000. Finally, Quest Partners LLC lifted its position in shares of Nicolet Bankshares by 858.0% in the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock worth $279,000 after buying an additional 2,617 shares in the last quarter. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Maxim Group boosted their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $106.00.

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.