Insider Selling: Nicolet Bankshares (NYSE:NIC) EVP Sells $203,986.35 in Stock

Nicolet Bankshares Inc. (NYSE:NIC) EVP Eric James Witczak sold 1,215 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $167.89, for a total value of $203,986.35. Following the completion of the sale, the executive vice president owned 33,630 shares in the company, valued at $5,646,140.70. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Eric James Witczak also recently made the following trade(s):

• On Tuesday, July 28th, Eric James Witczak sold 342 shares of Nicolet Bankshares stock. The shares were sold at an average price of $171.96, for a total transaction of $58,810.32.

Nicolet Bankshares Price Performance

NIC opened at $170.89 on Friday. The firm has a 50-day moving average price of $156.34 and a 200-day moving average price of $150.69. Nicolet Bankshares Inc. has a twelve month low of $114.11 and a twelve month high of $174.00. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 19.40 and a beta of 0.65.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, July 21st. The company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.85 by $0.14. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. The company had revenue of $177.75 million during the quarter, compared to the consensus estimate of $171.93 million. Equities analysts expect that Nicolet Bankshares Inc. will post 12.3 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.36 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 0.8%. Nicolet Bankshares’s payout ratio is 16.35%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Merit Financial Group LLC increased its position in shares of Nicolet Bankshares by 31.2% during the 4th quarter. Merit Financial Group LLC now owns 49,314 shares of the company’s stock valued at $5,982,000 after purchasing an additional 11,729 shares during the last quarter. UBS Group AG lifted its position in Nicolet Bankshares by 61.1% in the 4th quarter. UBS Group AG now owns 49,213 shares of the company’s stock worth $5,970,000 after buying an additional 18,657 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Nicolet Bankshares in the fourth quarter worth approximately $5,513,000. AlphaQuest LLC boosted its stake in Nicolet Bankshares by 804.7% in the fourth quarter. AlphaQuest LLC now owns 16,782 shares of the company’s stock worth $2,036,000 after buying an additional 14,927 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in Nicolet Bankshares during the third quarter valued at approximately $3,850,000. Institutional investors own 43.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NIC. Piper Sandler set a $194.00 target price on Nicolet Bankshares in a report on Wednesday, July 22nd. Zacks Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings lowered shares of Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Raymond James Financial assumed coverage on shares of Nicolet Bankshares in a research note on Tuesday, June 23rd. They set a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods increased their target price on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.00.

About Nicolet Bankshares

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.