Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells 6,000 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $115.30, for a total transaction of $691,800.00. Following the completion of the transaction, the executive vice president now owns 26,674 shares in the company, valued at $3,075,512.20. This represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 value of $499,050.00.
• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The stock was sold at an average price of $112.35, for a total value 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 value 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 value of $468,996.00.
• On Friday, October 25th, Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock. The stock was 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 Stock Up 0.0 %

NIC opened at $111.84 on Monday. The company has a market cap of $1.70 billion, a PE ratio of 14.23 and a beta of 0.75. The company has a 50-day moving average price of $99.88 and a 200 day moving average price of $91.45. Nicolet Bankshares, Inc. has a twelve month low of $72.70 and a twelve month high of $116.17. 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 released its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The company had revenue of $91.24 million for the quarter, compared to analyst estimates of $86.50 million. Sell-side analysts expect that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Wall Street Analyst Weigh In

Separately, Maxim Group increased their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $106.00.

Hedge Funds Weigh In On Nicolet Bankshares

Several institutional investors have recently modified their holdings of NIC. Wealth Enhancement Advisory Services LLC increased its stake in Nicolet Bankshares by 0.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock valued at $3,783,000 after purchasing an additional 192 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Nicolet Bankshares by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,262 shares of the company’s stock worth $883,000 after purchasing an additional 469 shares in the last quarter. EntryPoint Capital LLC lifted 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 valued at $95,000 after buying an additional 543 shares during the period. Principal Financial Group Inc. boosted its holdings in Nicolet Bankshares by 9.9% during the second quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock worth $512,000 after buying an additional 555 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock worth $1,194,000 after acquiring an additional 777 shares in the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

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.