Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells 300 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Susan L. Merkatoris sold 300 shares of Nicolet Bankshares stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $115.26, for a total value of $34,578.00. Following the completion of the sale, the director now directly owns 81,918 shares in the company, valued at $9,441,868.68. This trade represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Nicolet Bankshares Trading Down 0.5 %

NIC traded down $0.52 during trading on Thursday, reaching $109.99. The company had a trading volume of 44,500 shares, compared to its average volume of 45,154. 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 cap of $1.68 billion, a P/E ratio of 13.70 and a beta of 0.76. Nicolet Bankshares, Inc. has a 52 week low of $75.24 and a 52 week high of $121.52. The business has a 50 day simple moving average of $112.46 and a 200-day simple moving average of $106.36.

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 return on equity of 10.95% and a net margin of 23.83%. On average, equities analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

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Nicolet Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Monday, March 10th. Nicolet Bankshares's dividend payout ratio (DPR) is presently 13.95%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NIC shares. Maxim Group raised their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Piper Sandler boosted their target price 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.

Institutional Investors Weigh In On Nicolet Bankshares

Hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in Nicolet Bankshares by 748.7% in the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after acquiring an additional 292 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Nicolet Bankshares in the 4th quarter worth approximately $61,000. New York State Teachers Retirement System bought a new position in shares of Nicolet Bankshares during the fourth quarter valued at approximately $128,000. Summit Investment Advisors Inc. increased its holdings in Nicolet Bankshares by 11.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock valued at $148,000 after buying an additional 140 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Nicolet Bankshares during the third quarter valued at approximately $155,000. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

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.