Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $469,368.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total value of $469,368.00. Following the sale, the director now directly owns 30,317 shares of the company’s stock, valued at approximately $3,579,831.36. This trade represents a 11.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.05, for a total value of $16,507.50.
• On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total value of $859,817.00.
• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total value 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 value of $389,398.00.

Nicolet Bankshares Stock Down 0.6 %

Shares of NYSE:NIC opened at $118.50 on Friday. Nicolet Bankshares, Inc. has a 1 year low of $75.24 and a 1 year high of $120.26. The company has a market cap of $1.80 billion, a PE ratio of 14.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50-day moving average is $109.30 and its 200 day moving average is $103.13.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.28 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.95%. Nicolet Bankshares’s dividend payout ratio (DPR) is 13.95%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC grew its holdings in shares of Nicolet Bankshares by 748.7% during the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock worth $35,000 after acquiring an additional 292 shares during the period. New York State Teachers Retirement System purchased a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $128,000. Ameritas Investment Partners Inc. grew its holdings in shares of Nicolet Bankshares by 11.0% during the 4th quarter. Ameritas Investment Partners Inc. now owns 1,410 shares of the company’s stock worth $148,000 after acquiring an additional 140 shares during the period. Quantbot Technologies LP purchased a new position in shares of Nicolet Bankshares during the 3rd quarter worth approximately $155,000. Finally, Franklin Resources Inc. purchased a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $211,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their target price on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 23rd. Finally, Maxim Group boosted their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $119.00.

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.