Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells 3,102 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,102 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $117.65, for a total transaction of $364,950.30. Following the sale, the director now directly owns 33,816 shares of the company’s stock, valued at approximately $3,978,452.40. This represents a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, February 12th, Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00.
• 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 transaction of $16,507.50.
• On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The stock was 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 transaction 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.

Nicolet Bankshares Trading Up 1.0 %

Shares of Nicolet Bankshares stock opened at $119.84 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.82 billion, a P/E ratio of 14.92 and a beta of 0.77. Nicolet Bankshares, Inc. has a 12-month low of $75.24 and a 12-month high of $120.25. The company has a 50-day simple moving average of $110.87 and a 200 day simple moving average of $104.95.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Research analysts expect that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Monday, March 10th. Nicolet Bankshares’s payout ratio is currently 13.95%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Nicolet Bankshares by 132.8% in the fourth quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company’s stock valued at $8,014,000 after purchasing an additional 43,567 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Nicolet Bankshares in the fourth quarter valued at $2,474,000. Dimensional Fund Advisors LP increased its holdings in shares of Nicolet Bankshares by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company’s stock valued at $67,325,000 after purchasing an additional 21,819 shares during the last quarter. Martingale Asset Management L P acquired a new position in shares of Nicolet Bankshares in the fourth quarter valued at $1,898,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of Nicolet Bankshares by 284.8% in the fourth quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company’s stock valued at $2,312,000 after purchasing an additional 16,308 shares during the last quarter. Institutional investors own 43.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Maxim Group upped their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Finally, Piper Sandler raised their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.