Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $1,435,725.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) EVP Brad Vincent Hutjens sold 13,500 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.35, for a total transaction of $1,435,725.00. Following the transaction, the executive vice president now owns 26,674 shares in the company, valued at approximately $2,836,779.90. This represents a 0.00 % decrease in their ownership of the stock. 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 Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total transaction 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 transaction of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The shares were sold at an average price of $101.85, for a total value of $20,370.00.

Nicolet Bankshares Trading Up 2.1 %

NYSE:NIC traded up $2.25 during trading hours on Friday, hitting $110.98. The company had a trading volume of 72,229 shares, compared to its average volume of 42,756. Nicolet Bankshares, Inc. has a 52 week low of $71.51 and a 52 week high of $115.00. 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 stock has a 50-day moving average price of $98.01 and a 200 day moving average price of $89.92. The company has a market capitalization of $1.69 billion, a PE ratio of 13.90 and a beta of 0.75.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The firm had revenue of $91.24 million for the quarter, compared to analyst estimates of $86.50 million. On average, equities research analysts predict that Nicolet Bankshares, Inc. will post 7.74 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.01%. Nicolet Bankshares's payout ratio is 14.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 17th. Stephens raised their price objective on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 18th. Finally, Maxim Group upped their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $106.00.

Institutional Trading of Nicolet Bankshares

Several large investors have recently added to or reduced their stakes in NIC. Rothschild Investment LLC bought a new stake in Nicolet Bankshares during the second quarter worth approximately $67,000. EntryPoint Capital LLC raised its stake in Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company's stock valued at $95,000 after buying an additional 543 shares during the period. Blair William & Co. IL acquired a new position in shares of Nicolet Bankshares during the 1st quarter worth approximately $201,000. ProShare Advisors LLC acquired a new stake in shares of Nicolet Bankshares in the 1st quarter valued at approximately $203,000. Finally, Quest Partners LLC raised its holdings in Nicolet Bankshares by 858.0% during the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company's stock worth $279,000 after purchasing an additional 2,617 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors and hedge funds.

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.