Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells 7,609 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 7,609 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total transaction of $859,817.00. Following the completion of the sale, the director now directly owns 32,831 shares of the company’s stock, valued at $3,709,903. This represents a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total transaction of $389,398.00.
• On Thursday, November 7th, Robert Bruce Atwell sold 14 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.00, for a total value of $1,540.00.
• On Wednesday, October 30th, Robert Bruce Atwell sold 14,171 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.00, for a total value of $1,459,613.00.
• On Monday, October 28th, Robert Bruce Atwell sold 2,721 shares of Nicolet Bankshares stock. The shares were sold at an average price of $103.00, for a total transaction of $280,263.00.
• On Tuesday, October 22nd, Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock. The shares were sold at an average price of $101.01, for a total transaction of $252,525.00.
• On Friday, October 18th, Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.22, for a total transaction of $300,163.76.

Nicolet Bankshares Stock Up 2.0 %

Shares of NIC stock traded up $2.29 on Wednesday, hitting $114.52. The stock had a trading volume of 47,962 shares, compared to its average volume of 43,458. Nicolet Bankshares, Inc. has a one year low of $73.00 and a one year high of $116.17. The business has a 50 day moving average price of $105.35 and a 200 day moving average price of $95.05. The company has a market cap of $1.74 billion, a PE ratio of 14.28 and a beta of 0.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 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 business had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. Research analysts anticipate that Nicolet Bankshares, Inc. will post 7.61 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, December 2nd. Nicolet Bankshares’s payout ratio is 14.25%.

Institutional Investors Weigh In On Nicolet Bankshares

A number of institutional investors have recently added to or reduced their stakes in NIC. Dimensional Fund Advisors LP increased its position in shares of Nicolet Bankshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after purchasing an additional 16,952 shares in the last quarter. Barclays PLC increased its position in Nicolet Bankshares by 170.7% during the 3rd quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after buying an additional 15,121 shares in the last quarter. State Street Corp increased its position in Nicolet Bankshares by 3.7% during the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after buying an additional 13,772 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Nicolet Bankshares in the third quarter valued at about $528,000. Finally, Geode Capital Management LLC boosted its holdings in Nicolet Bankshares by 1.6% in the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after acquiring an additional 4,911 shares in the last quarter. Institutional investors own 43.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Maxim Group upped their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $112.00.

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.