Nicolet Bankshares (NYSE:NIC) Director Sells $501,881.77 in Stock

Nicolet Bankshares Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,331 shares of Nicolet Bankshares stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $150.67, for a total transaction of $501,881.77. Following the completion of the sale, the director directly owned 34,054 shares of the company’s stock, valued at approximately $5,130,916.18. The trade was a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, February 18th, Robert Bruce Atwell sold 6,396 shares of Nicolet Bankshares stock. The stock was sold at an average price of $155.47, for a total transaction of $994,386.12.

Nicolet Bankshares Stock Performance

NIC opened at $150.31 on Thursday. Nicolet Bankshares Inc. has a 1-year low of $97.90 and a 1-year high of $163.11. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 15.34 and a beta of 0.77. The company’s fifty day moving average price is $144.55 and its two-hundred day moving average price is $134.35. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.18. Nicolet Bankshares had a net margin of 26.98% and a return on equity of 12.49%. The firm had revenue of $103.99 million during the quarter, compared to analysts’ expectations of $79.67 million. On average, analysts expect that Nicolet Bankshares Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd. Nicolet Bankshares’s payout ratio is currently 13.06%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NIC. Weiss Ratings restated a “buy (b)” rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. Piper Sandler raised Nicolet Bankshares from a “neutral” rating to an “overweight” rating and increased their price target for the company from $148.00 to $185.00 in a research report on Thursday, February 19th. Hovde Group restated an “outperform” rating and set a $190.00 price objective on shares of Nicolet Bankshares in a research note on Tuesday, January 27th. Maxim Group lifted their price objective on shares of Nicolet Bankshares from $161.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $179.50.

Hedge Funds Weigh In On Nicolet Bankshares

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in Nicolet Bankshares by 3,940.0% in the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock worth $25,000 after purchasing an additional 197 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Nicolet Bankshares during the 3rd quarter valued at $43,000. Meeder Asset Management Inc. purchased a new stake in shares of Nicolet Bankshares during the 4th quarter valued at $48,000. Clearstead Advisors LLC raised its stake in shares of Nicolet Bankshares by 192.9% during the 4th quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock worth $55,000 after purchasing an additional 297 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Nicolet Bankshares by 45.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock worth $79,000 after buying an additional 183 shares during the last quarter. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Company Profile

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.