Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell Sells 3,102 Shares

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 3,102 shares of Nicolet Bankshares stock in a transaction on Monday, February 24th. The shares were sold at an average price of $117.65, for a total value of $364,950.30. Following the transaction, the director now directly owns 33,816 shares of the company's stock, valued at approximately $3,978,452.40. The trade was a 8.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value of $469,368.00.
• On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The shares were 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 stock was 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 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 value of $389,398.00.

Nicolet Bankshares Stock Up 1.0 %

NYSE NIC traded up $1.13 during trading hours on Friday, reaching $119.84. 51,486 shares of the company's stock were exchanged, compared to its average volume of 50,107. The company's 50-day moving average is $110.87 and its two-hundred day moving average is $105.20. Nicolet Bankshares, Inc. has a one year low of $75.24 and a one year high of $120.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.92 and a beta of 0.77.

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Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping 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%. On average, analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 0.93%. Nicolet Bankshares's dividend payout ratio is currently 13.95%.

Institutional Investors Weigh In On Nicolet Bankshares

Several large investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in shares of Nicolet Bankshares in the 4th quarter valued at approximately $629,000. North Star Asset Management Inc. increased its position in Nicolet Bankshares by 1.2% during the 4th quarter. North Star Asset Management Inc. now owns 46,088 shares of the company's stock worth $4,835,000 after buying an additional 548 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Nicolet Bankshares by 24.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,856 shares of the company's stock worth $2,922,000 after purchasing an additional 5,492 shares during the period. Rafferty Asset Management LLC increased its position in shares of Nicolet Bankshares by 1.4% in the fourth quarter. Rafferty Asset Management LLC now owns 8,531 shares of the company's stock worth $895,000 after purchasing an additional 120 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Nicolet Bankshares in the fourth quarter worth $61,000. Institutional investors and hedge funds own 43.06% of the company's stock.

Analyst Ratings Changes

NIC has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, January 23rd. Piper Sandler boosted their target price on 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 target price on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.