Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell Sells 3,975 Shares

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 3,975 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total value of $469,368.00. Following the transaction, the director now directly owns 30,317 shares in the company, valued at approximately $3,579,831.36. This represents a 11.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 shares were 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 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 value of $389,398.00.

Nicolet Bankshares Stock Performance

Shares of NIC traded down $0.69 during mid-day trading on Monday, reaching $118.50. The company had a trading volume of 41,959 shares, compared to its average volume of 47,146. The stock has a market capitalization of $1.80 billion, a P/E ratio of 14.76 and a beta of 0.77. Nicolet Bankshares, Inc. has a 52-week low of $75.24 and a 52-week high of $120.26. The stock has a 50 day moving average of $109.47 and a two-hundred day moving average of $103.31. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, beating analysts' consensus estimates 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 expect that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares's dividend payout ratio is presently 13.95%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Nicolet Bankshares in the 3rd quarter valued at $412,000. Creative Planning boosted its position in shares of Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company's stock valued at $1,194,000 after acquiring an additional 777 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Nicolet Bankshares in the third quarter valued at about $528,000. Quest Partners LLC grew its holdings in shares of Nicolet Bankshares by 858.0% in the third 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 period. Finally, Charles Schwab Investment Management Inc. increased its position in Nicolet Bankshares by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company's stock worth $11,132,000 after purchasing an additional 3,650 shares during the last quarter. Hedge funds and other institutional investors own 43.06% of the company's stock.

Analyst Upgrades and Downgrades

NIC has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, January 23rd. Maxim Group increased their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Piper Sandler boosted their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Nicolet Bankshares currently has an average rating of "Hold" and a consensus price target of $119.00.

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.