Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $499,050.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 4,500 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $110.90, for a total transaction of $499,050.00. Following the transaction, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at $2,958,146.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The shares were sold at an average price of $112.35, for a total transaction of $1,011,150.00.
• On Wednesday, November 6th, Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $106.35, for a total transaction of $1,435,725.00.
• 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 transaction 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 transaction 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 transaction of $20,370.00.

Nicolet Bankshares Stock Performance

Shares of NIC stock traded down $0.48 during trading hours on Tuesday, reaching $113.76. The company had a trading volume of 50,512 shares, compared to its average volume of 43,076. The business has a fifty day moving average price of $98.59 and a 200-day moving average price of $90.48. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $1.73 billion, a PE ratio of 14.49 and a beta of 0.75. Nicolet Bankshares, Inc. has a one year low of $71.64 and a one year high of $115.22.

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

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Institutional Investors Weigh In On Nicolet Bankshares

Large investors have recently modified their holdings of the stock. Rothschild Investment LLC bought a new stake in shares of Nicolet Bankshares in the 2nd quarter valued at approximately $67,000. EntryPoint Capital LLC increased its position in 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 purchasing an additional 543 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Nicolet Bankshares during the 1st quarter worth about $201,000. ProShare Advisors LLC bought a new stake in Nicolet Bankshares during the 1st quarter valued at approximately $203,000. Finally, Quest Partners LLC lifted its position 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 worth $279,000 after acquiring an additional 2,617 shares during the period. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NIC. Maxim Group increased their target price 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. Stephens lifted their target price on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, Piper Sandler boosted their price target on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $106.00.

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.