Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $401,746.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 3,700 shares of the firm’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $108.58, for a total transaction of $401,746.00. Following the sale, the director now owns 78,218 shares in the company, valued at approximately $8,492,910.44. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Nicolet Bankshares Stock Down 1.7 %

NIC opened at $115.67 on Friday. 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, Inc. has a twelve month low of $76.01 and a twelve month high of $121.52. The company has a market cap of $1.76 billion, a PE ratio of 14.40 and a beta of 0.69. The company has a 50-day moving average price of $111.55 and a 200 day moving average price of $109.42.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.14. The business had revenue of $89.43 million for the quarter, compared to the consensus estimate of $70.08 million. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Sell-side analysts expect that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 annualized dividend and a yield of 0.97%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.51%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NIC. Keefe, Bruyette & Woods raised their target price on Nicolet Bankshares from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Thursday, April 17th. Maxim Group raised their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler cut their price objective on Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th.

Institutional Investors Weigh In On Nicolet Bankshares

A number of hedge funds have recently modified their holdings of NIC. Sterling Capital Management LLC boosted its position in Nicolet Bankshares by 748.7% during the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock worth $35,000 after acquiring an additional 292 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $61,000. KBC Group NV purchased a new stake in shares of Nicolet Bankshares in the first quarter valued at approximately $95,000. New York State Teachers Retirement System acquired a new stake in shares of Nicolet Bankshares in the fourth quarter valued at approximately $128,000. Finally, Summit Investment Advisors Inc. lifted its position in Nicolet Bankshares by 11.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company’s stock worth $148,000 after buying an additional 140 shares in the last quarter. 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.