Nicolet Bankshares (NYSE:NIC) Director Sells $608,858.32 in Stock

Nicolet Bankshares Inc. (NYSE:NIC) Director Robert Atwell sold 3,556 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $171.22, for a total transaction of $608,858.32. Following the completion of the transaction, the director owned 34,483 shares in the company, valued at approximately $5,904,179.26. This trade represents a 9.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Nicolet Bankshares Stock Performance

NIC opened at $172.43 on Friday. Nicolet Bankshares Inc. has a 12-month low of $114.44 and a 12-month high of $180.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $3.61 billion, a PE ratio of 19.07 and a beta of 0.64. The firm has a 50 day moving average of $167.91 and a two-hundred day moving average of $156.67.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $3.15 EPS for the quarter, beating the consensus estimate of $3.07 by $0.08. The business had revenue of $174.43 million during the quarter, compared to analysts’ expectations of $173.64 million. Nicolet Bankshares had a net margin of 22.11% and a return on equity of 11.27%. On average, analysts anticipate that Nicolet Bankshares Inc. will post 12.10 EPS for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, December 1st. This represents a $1.44 dividend on an annualized basis and a yield of 0.8%. Nicolet Bankshares’s payout ratio is currently 15.93%.

Analyst Ratings Changes

NIC has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Weiss Ratings lowered Nicolet Bankshares from a “buy (a+)” rating to a “buy (a)” rating in a research note on Friday, October 23rd. Piper Sandler lifted their price objective on Nicolet Bankshares from $194.00 to $196.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Finally, Stephens boosted their price objective on Nicolet Bankshares from $185.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.80.

Institutional Investors Weigh In On Nicolet Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in Nicolet Bankshares by 58.0% during the third quarter. Sterling Capital Management LLC now owns 474 shares of the company’s stock worth $77,000 after buying an additional 174 shares in the last quarter. TOWER TRUST & INVESTMENT Co acquired a new stake in Nicolet Bankshares during the third quarter valued at $88,000. Parallel Advisors LLC increased its holdings in Nicolet Bankshares by 151.9% in the first quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock valued at $90,000 after buying an additional 366 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Nicolet Bankshares by 82.1% in the first quarter. EverSource Wealth Advisors LLC now owns 630 shares of the company’s stock valued at $94,000 after buying an additional 284 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Nicolet Bankshares by 42.5% in the first quarter. KBC Group NV now owns 842 shares of the company’s stock worth $125,000 after acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Nicolet National Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Nicolet National Bank offers commercial and consumer lending, deposit accounts, residential and commercial real estate financing, treasury management and other business banking services. Its offerings also include wealth management, trust and investment services, mortgage banking and related financial solutions.

Founded in 2000, Nicolet has built a community-banking franchise serving customers primarily in Wisconsin and neighboring market areas.