Robert Bruce Atwell Sells 150 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 150 shares of the stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $110.05, for a total transaction of $16,507.50. Following the transaction, the director now owns 30,317 shares of the company’s stock, valued at $3,336,385.85. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $859,817.00.
• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The stock was 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 stock was sold at an average price of $113.00, for a total transaction of $389,398.00.
• On Thursday, November 7th, Robert Bruce Atwell sold 14 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.00, for a total value of $1,540.00.

Nicolet Bankshares Stock Up 0.4 %

Shares of NYSE:NIC traded up $0.44 during trading hours on Thursday, hitting $110.71. The company’s stock had a trading volume of 31,358 shares, compared to its average volume of 45,644. 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 firm’s fifty day moving average price is $108.31 and its 200 day moving average price is $101.71. Nicolet Bankshares, Inc. has a 52 week low of $73.00 and a 52 week high of $116.17. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.79 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Nicolet Bankshares, Inc. will post 8.1 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.95%.

Wall Street Analyst Weigh In

NIC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd. Piper Sandler raised their target price on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nicolet Bankshares presently has a consensus rating of “Hold” and an average target price of $119.00.

Institutional Trading of Nicolet Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System acquired a new stake in shares of Nicolet Bankshares during the fourth quarter worth $128,000. Quantbot Technologies LP purchased a new position in Nicolet Bankshares in the 3rd quarter worth $155,000. Virtu Financial LLC acquired a new stake in Nicolet Bankshares during the 3rd quarter worth about $264,000. Quest Partners LLC grew its stake in Nicolet Bankshares by 858.0% during the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after purchasing an additional 2,617 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Nicolet Bankshares by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after purchasing an additional 1,010 shares during the period. Hedge funds and other institutional investors 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.