Robert Bruce Atwell Sells 3,975 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,975 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the sale, the director now directly owns 30,317 shares of the company’s stock, valued at $3,579,831.36. This represents a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.05, for a total transaction of $16,507.50.
• On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total value of $859,817.00.
• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total value of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total value of $389,398.00.

Nicolet Bankshares Stock Up 0.5 %

NYSE:NIC traded up $0.64 on Thursday, hitting $118.67. The stock had a trading volume of 31,954 shares, compared to its average volume of 49,536. The company has a market cap of $1.80 billion, a PE ratio of 14.79 and a beta of 0.77. Nicolet Bankshares, Inc. has a 52 week low of $74.47 and a 52 week high of $118.84. The business’s fifty day moving average is $109.01 and its 200 day moving average is $102.89. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. On average, equities research analysts expect that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is currently 13.95%.

Institutional Investors Weigh In On Nicolet Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in Nicolet Bankshares during the third quarter worth $528,000. Barclays PLC boosted its holdings in Nicolet Bankshares by 170.7% during the 3rd quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after acquiring an additional 15,121 shares during the last quarter. State Street Corp grew its stake in shares of Nicolet Bankshares by 3.7% in the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after acquiring an additional 13,772 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Nicolet Bankshares by 111.7% in the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock valued at $3,138,000 after purchasing an additional 17,314 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Nicolet Bankshares by 1.6% in the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock valued at $29,019,000 after purchasing an additional 4,911 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NIC. Keefe, Bruyette & Woods boosted their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 23rd. Piper Sandler lifted their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Maxim Group increased their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $119.00.

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.