Nicolet Bankshares (NYSE:NIC) EVP Eric James Witczak Sells 600 Shares of Stock

Nicolet Bankshares Inc. (NYSE:NIC) EVP Eric Witczak sold 600 shares of the business’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $173.11, for a total transaction of $103,866.00. Following the transaction, the executive vice president directly owned 32,724 shares of the company’s stock, valued at approximately $5,664,851.64. This represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nicolet Bankshares Trading Up 1.8%

Shares of NYSE:NIC opened at $176.16 on Tuesday. The company has a market cap of $3.66 billion, a P/E ratio of 19.49 and a beta of 0.67. The stock’s 50-day moving average is $168.18 and its 200-day moving average is $158.14. Nicolet Bankshares Inc. has a 52-week low of $118.33 and a 52-week high of $180.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90.

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

Nicolet Bankshares Announces Dividend

The company 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 of this dividend is Tuesday, December 1st. This represents a $1.44 dividend on an annualized basis and a yield of 0.8%. Nicolet Bankshares’s dividend payout ratio (DPR) is 15.93%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NIC. Weiss Ratings raised Nicolet Bankshares from a “buy (a)” rating to a “buy (a+)” rating in a report on Wednesday, November 4th. Keefe, Bruyette & Woods lifted their price objective on Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Stephens lifted their price objective on Nicolet Bankshares from $185.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, October 23rd. Finally, Piper Sandler boosted their price objective on Nicolet Bankshares from $194.00 to $196.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $184.80.

Hedge Funds Weigh In On Nicolet Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Nicolet Bankshares by 86.3% in the second quarter. BlackRock Inc. now owns 3,027,246 shares of the company’s stock valued at $500,676,000 after acquiring an additional 1,402,419 shares during the period. State Street Corp raised its position in Nicolet Bankshares by 65.1% in the second quarter. State Street Corp now owns 1,174,560 shares of the company’s stock worth $194,244,000 after purchasing an additional 463,199 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Nicolet Bankshares by 32.1% during the first quarter. Dimensional Fund Advisors LP now owns 819,274 shares of the company’s stock worth $121,756,000 after purchasing an additional 198,997 shares during the period. Jennison Associates LLC bought a new position in Nicolet Bankshares during the first quarter worth about $31,794,000. Finally, The Manufacturers Life Insurance Company bought a new position in Nicolet Bankshares during the second quarter worth about $30,896,000. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Company Profile