Robert Bruce Atwell Sells 3,102 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,102 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $117.65, for a total transaction of $364,950.30. Following the sale, the director now directly owns 33,816 shares in the company, valued at $3,978,452.40. The trade was a 8.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, February 12th, Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00.
• 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 transaction 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 transaction of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $389,398.00.

Nicolet Bankshares Stock Up 1.5 %

Shares of NYSE:NIC opened at $119.02 on Friday. Nicolet Bankshares, Inc. has a 52-week low of $75.24 and a 52-week high of $120.25. The firm has a fifty day moving average of $110.60 and a 200 day moving average of $104.72. The firm has a market capitalization of $1.81 billion, a PE ratio of 14.82 and a beta of 0.77. 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 earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, research analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.12 annualized dividend and a yield of 0.94%. Nicolet Bankshares’s payout ratio is 13.95%.

Institutional Trading of Nicolet Bankshares

Several institutional investors have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new stake in Nicolet Bankshares during the fourth quarter valued at about $629,000. North Star Asset Management Inc. boosted its position in Nicolet Bankshares by 1.2% during the fourth quarter. North Star Asset Management Inc. now owns 46,088 shares of the company’s stock valued at $4,835,000 after buying an additional 548 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Nicolet Bankshares by 24.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,856 shares of the company’s stock valued at $2,922,000 after buying an additional 5,492 shares during the period. Rafferty Asset Management LLC boosted its position in Nicolet Bankshares by 1.4% during the fourth quarter. Rafferty Asset Management LLC now owns 8,531 shares of the company’s stock valued at $895,000 after buying an additional 120 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Nicolet Bankshares during the fourth quarter valued at about $61,000. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NIC shares. Piper Sandler upped their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Finally, Maxim Group upped their price target on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.