Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells 9,000 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 9,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $112.35, for a total transaction of $1,011,150.00. Following the completion of the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $2,996,823.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 8th, Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.90, for a total transaction of $499,050.00.
• 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 shares were sold at an average price of $101.85, for a total transaction of $20,370.00.

Nicolet Bankshares Trading Down 0.4 %

Shares of NYSE:NIC traded down $0.48 during midday trading on Tuesday, reaching $113.76. 50,512 shares of the company’s stock were exchanged, compared to its average volume of 43,076. The firm’s 50 day simple moving average is $98.59 and its two-hundred day simple moving average is $90.48. Nicolet Bankshares, Inc. has a fifty-two week low of $71.64 and a fifty-two week high of $115.22. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 14.49 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

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

Nicolet Bankshares Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NIC shares. Piper Sandler upped their price target on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Stephens boosted their price target on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, Maxim Group boosted their price target 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Nicolet Bankshares currently has an average rating of “Hold” and an average target price of $106.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Nicolet Bankshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after acquiring an additional 16,952 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Nicolet Bankshares by 2,480.2% during the 1st quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after purchasing an additional 157,566 shares during the last quarter. Creative Planning raised its holdings in Nicolet Bankshares by 6.6% in the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock valued at $1,194,000 after acquiring an additional 777 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Nicolet Bankshares by 6.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock valued at $5,479,000 after purchasing an additional 4,007 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Nicolet Bankshares by 9.9% in the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after purchasing an additional 555 shares during the period. Institutional investors and hedge funds own 43.06% of the company’s stock.

About Nicolet Bankshares

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.