Nicolet Bankshares (NYSE:NIC) Director Robert Bruce Atwell Sells 3,309 Shares of Stock

Nicolet Bankshares Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,309 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $149.82, for a total value of $495,754.38. Following the completion of the transaction, the director owned 34,054 shares of the company’s stock, valued at approximately $5,101,970.28. This represents a 8.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, March 5th, Robert Bruce Atwell sold 3,331 shares of Nicolet Bankshares stock. The stock was sold at an average price of $150.67, for a total transaction of $501,881.77.
• On Wednesday, February 18th, Robert Bruce Atwell sold 6,396 shares of Nicolet Bankshares stock. The shares were sold at an average price of $155.47, for a total transaction of $994,386.12.

Nicolet Bankshares Stock Performance

Shares of NIC opened at $148.68 on Tuesday. Nicolet Bankshares Inc. has a 12-month low of $97.90 and a 12-month high of $163.11. The stock has a market cap of $2.20 billion, a P/E ratio of 15.17 and a beta of 0.77. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $146.19 and a two-hundred day moving average of $134.56.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. Nicolet Bankshares had a net margin of 26.98% and a return on equity of 12.49%. The business had revenue of $103.99 million during the quarter, compared to analysts’ expectations of $79.67 million. As a group, research analysts predict that Nicolet Bankshares Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.06%.

Wall Street Analysts Forecast Growth

NIC has been the topic of several recent research reports. Maxim Group upped their price objective on Nicolet Bankshares from $161.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their price objective on Nicolet Bankshares from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Zacks Research raised shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Piper Sandler raised shares of Nicolet Bankshares from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $148.00 to $185.00 in a research note on Thursday, February 19th. Finally, Hovde Group reiterated an “outperform” rating and set a $190.00 price target on shares of Nicolet Bankshares in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $179.50.

Institutional Investors Weigh In On Nicolet Bankshares

Several institutional investors have recently bought and sold shares of NIC. Boston Partners raised its stake in shares of Nicolet Bankshares by 2.0% in the 2nd quarter. Boston Partners now owns 141,860 shares of the company’s stock valued at $17,609,000 after acquiring an additional 2,779 shares during the period. Bank of New York Mellon Corp boosted its position in Nicolet Bankshares by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 60,004 shares of the company’s stock worth $7,409,000 after purchasing an additional 1,940 shares during the period. First Trust Advisors LP increased its holdings in Nicolet Bankshares by 50.6% in the 2nd quarter. First Trust Advisors LP now owns 519,013 shares of the company’s stock valued at $64,088,000 after purchasing an additional 174,361 shares in the last quarter. Caldwell Trust Co acquired a new stake in Nicolet Bankshares in the 2nd quarter valued at $1,553,000. Finally, Envestnet Asset Management Inc. raised its position in Nicolet Bankshares by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 6,259 shares of the company’s stock valued at $773,000 after purchasing an additional 493 shares during the period. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

About Nicolet Bankshares

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.