Brad Vincent Hutjens Sells 13,500 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 13,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.35, for a total transaction of $1,435,725.00. Following the sale, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at approximately $2,836,779.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Brad Vincent Hutjens also recently made the following trade(s):

• On Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total value of $468,996.00.
• On Friday, October 25th, Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total value of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.85, for a total value of $20,370.00.

Nicolet Bankshares Stock Up 2.1 %

Shares of NIC opened at $110.98 on Friday. The business’s 50 day moving average is $98.01 and its 200 day moving average is $89.92. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 12-month low of $71.51 and a 12-month high of $115.00. The company has a market capitalization of $1.69 billion, a PE ratio of 14.12 and a beta of 0.75.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The firm had revenue of $91.24 million for the quarter, compared to analysts’ expectations of $86.50 million. Research analysts expect that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 14.25%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NIC. Piper Sandler increased their target price on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Stephens increased their price objective on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Finally, Maxim Group raised their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Nicolet Bankshares presently has an average rating of “Hold” and an average price target of $106.00.

Institutional Investors Weigh In On Nicolet Bankshares

A number of hedge funds have recently made changes to their positions in NIC. Rothschild Investment LLC bought a new stake in Nicolet Bankshares in the second quarter worth $67,000. EntryPoint Capital LLC increased its holdings in shares of Nicolet Bankshares by 97.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after buying an additional 543 shares during the last quarter. Blair William & Co. IL purchased a new stake in shares of Nicolet Bankshares during the 1st quarter valued at about $201,000. ProShare Advisors LLC bought a new position in shares of Nicolet Bankshares in the 1st quarter valued at about $203,000. Finally, Quest Partners LLC lifted its holdings in shares of Nicolet Bankshares by 858.0% in the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after acquiring an additional 2,617 shares during the last quarter. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

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.