Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells 6,192 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 6,192 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $115.85, for a total value of $717,343.20. Following the completion of the sale, the director now owns 33,816 shares of the company’s stock, valued at approximately $3,917,583.60. This trade represents a 15.48 % decrease in their position. The transaction 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 Monday, February 24th, Robert Bruce Atwell sold 3,102 shares of Nicolet Bankshares stock. The shares were sold at an average price of $117.65, for a total value of $364,950.30.
• 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 value 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 value of $16,507.50.

Nicolet Bankshares Trading Down 1.7 %

NIC opened at $115.67 on Monday. The stock has a market capitalization of $1.76 billion, a PE ratio of 14.40 and a beta of 0.69. The firm’s fifty day moving average price is $111.55 and its 200 day moving average price is $109.64. 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, Inc. has a 12-month low of $76.01 and a 12-month high of $121.52.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.14. The company had revenue of $89.43 million for the quarter, compared to analysts’ expectations of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, research analysts expect that Nicolet Bankshares, Inc. will post 8.18 EPS 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 issued a dividend of $0.28 per share. The ex-dividend date was Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.97%. Nicolet Bankshares’s dividend payout ratio (DPR) is 13.51%.

Analyst Ratings Changes

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

Institutional Trading of Nicolet Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of NIC. Barclays PLC raised its holdings in shares of Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after purchasing an additional 15,121 shares during the period. Geode Capital Management LLC grew its position in shares of Nicolet Bankshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after acquiring an additional 4,911 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Nicolet Bankshares during the third quarter worth about $264,000. JPMorgan Chase & Co. grew its position in shares of Nicolet Bankshares by 111.7% during the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock worth $3,138,000 after acquiring an additional 17,314 shares during the last quarter. Finally, Merit Financial Group LLC grew its position in shares of Nicolet Bankshares by 1.7% during the fourth quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock worth $3,624,000 after acquiring an additional 592 shares during the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

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.