Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens Sells 5,838 Shares

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 5,838 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $113.58, for a total transaction of $663,080.04. Following the transaction, the executive vice president now owns 29,593 shares of the company’s stock, valued at approximately $3,361,172.94. This trade represents a 16.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 22nd, Brad Vincent Hutjens sold 1,516 shares of Nicolet Bankshares stock. The stock was sold at an average price of $112.85, for a total value of $171,080.60.
• On Wednesday, November 13th, Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock. The stock was sold at an average price of $115.30, for a total value of $691,800.00.
• 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 shares were 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 stock was 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 value of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.85, for a total transaction of $20,370.00.

Nicolet Bankshares Trading Up 0.6 %

Shares of NYSE:NIC opened at $112.88 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 12-month low of $72.70 and a 12-month high of $116.17. The business has a 50 day moving average of $102.08 and a two-hundred day moving average of $92.95. The company has a market capitalization of $1.72 billion, a PE ratio of 14.36 and a beta of 0.75.

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

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.28 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.99%. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Hedge Funds Weigh In On Nicolet Bankshares

A number of hedge funds have recently bought and sold shares of NIC. Rothschild Investment LLC purchased a new stake in Nicolet Bankshares in the 2nd quarter worth $67,000. Quantbot Technologies LP acquired a new stake in shares of Nicolet Bankshares in the third quarter valued at about $155,000. ProShare Advisors LLC purchased a new stake in shares of Nicolet Bankshares during the first quarter worth about $203,000. Virtu Financial LLC acquired a new position in shares of Nicolet Bankshares during the 3rd quarter worth about $264,000. Finally, Quest Partners LLC lifted its stake in Nicolet Bankshares by 858.0% in the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after buying an additional 2,617 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Analyst Ratings Changes

Separately, Maxim Group lifted 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 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, the stock presently has a consensus rating of “Hold” and an average price target of $106.00.

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.