Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell Sells 3,446 Shares

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,446 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $113.00, for a total transaction of $389,398.00. Following the transaction, the director now directly owns 32,831 shares in the company, valued at approximately $3,709,903. The trade was a 9.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, November 7th, Robert Bruce Atwell sold 14 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.00, for a total transaction of $1,540.00.
• On Wednesday, October 30th, Robert Bruce Atwell sold 14,171 shares of Nicolet Bankshares stock. The shares were sold at an average price of $103.00, for a total transaction of $1,459,613.00.
• On Monday, October 28th, Robert Bruce Atwell sold 2,721 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.00, for a total transaction of $280,263.00.
• On Tuesday, October 22nd, Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.01, for a total value of $252,525.00.
• On Friday, October 18th, Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock. The shares were sold at an average price of $103.22, for a total value of $300,163.76.

Nicolet Bankshares Price Performance

Shares of NIC stock opened at $111.49 on Friday. The stock’s fifty day simple moving average is $104.30 and its 200 day simple moving average is $94.25. Nicolet Bankshares, Inc. has a one year low of $73.00 and a one year high of $116.17. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 14.18 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The business had revenue of $91.24 million for the quarter, compared to analyst estimates of $86.50 million. On average, analysts expect that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday. Maxim Group upped 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $112.00.

Institutional Investors Weigh In On Nicolet Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NIC. Vanguard Group Inc. boosted its position in Nicolet Bankshares by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock valued at $60,704,000 after buying an additional 8,213 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Nicolet Bankshares by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,262 shares of the company’s stock worth $883,000 after purchasing an additional 469 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Nicolet Bankshares by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock worth $3,783,000 after purchasing an additional 192 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Nicolet Bankshares by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock valued at $5,479,000 after purchasing an additional 4,007 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Nicolet Bankshares by 9.9% during the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after purchasing an additional 555 shares during the period. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Company Profile

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.