Robert Bruce Atwell Sells 3,126 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,126 shares of the company’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $118.30, for a total value of $369,805.80. Following the transaction, the director now directly owns 34,220 shares in the company, valued at $4,048,226. This represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, May 30th, Robert Bruce Atwell sold 3,208 shares of Nicolet Bankshares stock. The shares were sold at an average price of $123.42, for a total value of $395,931.36.
• On Wednesday, April 23rd, Robert Bruce Atwell sold 6,192 shares of Nicolet Bankshares stock. The stock was sold at an average price of $115.85, for a total transaction of $717,343.20.

Nicolet Bankshares Price Performance

Nicolet Bankshares stock traded up $2.17 during trading hours on Tuesday, hitting $120.22. The stock had a trading volume of 31,181 shares, compared to its average volume of 56,632. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.97 and a beta of 0.76. Nicolet Bankshares, Inc. has a 1-year low of $76.01 and a 1-year high of $125.50. The stock’s fifty day moving average is $115.77 and its two-hundred day moving average is $112.94.

Nicolet Bankshares (NYSE:NIC) last posted 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 company had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. As a group, analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.32 dividend. This is a positive change from Nicolet Bankshares’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.28 annualized dividend and a yield of 1.06%. Nicolet Bankshares’s dividend payout ratio is 15.44%.

Analysts Set New Price Targets

Several analysts recently commented on NIC shares. Keefe, Bruyette & Woods raised their price objective on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Thursday, April 17th. Piper Sandler reduced their price objective 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.

Institutional Trading of Nicolet Bankshares

Large investors have recently bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in Nicolet Bankshares by 748.7% in the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock valued at $35,000 after purchasing an additional 292 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Nicolet Bankshares during the fourth quarter valued at $61,000. KBC Group NV acquired a new stake in shares of Nicolet Bankshares during the first quarter valued at $95,000. New York State Teachers Retirement System acquired a new stake in shares of Nicolet Bankshares during the fourth quarter valued at $128,000. Finally, Summit Investment Advisors Inc. boosted its stake in shares of Nicolet Bankshares by 11.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company’s stock valued at $148,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

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.