Nicolet Bankshares (NYSE:NIC) Director Sells 3,575 Shares of Company Stock

Nicolet Bankshares Inc. (NYSE:NIC) Director Robert Atwell sold 3,575 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $172.89, for a total value of $618,081.75. Following the completion of the transaction, the director owned 34,483 shares of the company’s stock, valued at approximately $5,961,765.87. The trade was a 9.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, October 23rd, Robert Atwell sold 3,556 shares of Nicolet Bankshares stock. The stock was sold at an average price of $171.22, for a total value of $608,858.32.

Nicolet Bankshares Stock Performance

NIC traded up $3.04 during trading hours on Monday, hitting $176.16. 134,213 shares of the stock were exchanged, compared to its average volume of 207,283. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 19.49 and a beta of 0.67. The stock has a 50-day simple moving average of $168.10 and a 200-day simple moving average of $157.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.90 and a quick ratio of 0.90. Nicolet Bankshares Inc. has a 12 month low of $118.33 and a 12 month high of $180.00.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, October 20th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.08. The firm had revenue of $174.43 million during the quarter, compared to analyst estimates of $173.64 million. Nicolet Bankshares had a net margin of 22.11% and a return on equity of 11.27%. Analysts anticipate that Nicolet Bankshares Inc. will post 12.10 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.44 annualized dividend and a dividend yield of 0.8%. Nicolet Bankshares’s payout ratio is 15.93%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NIC. BlackRock Inc. increased its position in Nicolet Bankshares by 86.3% in the second quarter. BlackRock Inc. now owns 3,027,246 shares of the company’s stock worth $500,676,000 after buying an additional 1,402,419 shares during the period. State Street Corp boosted its holdings in shares of Nicolet Bankshares by 65.1% during the second quarter. State Street Corp now owns 1,174,560 shares of the company’s stock valued at $194,244,000 after acquiring an additional 463,199 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Nicolet Bankshares by 32.1% during the first quarter. Dimensional Fund Advisors LP now owns 819,274 shares of the company’s stock worth $121,756,000 after acquiring an additional 198,997 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Nicolet Bankshares during the first quarter worth about $31,794,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Nicolet Bankshares during the second quarter worth about $30,896,000. 43.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NIC shares. Piper Sandler increased their price objective on shares of Nicolet Bankshares from $194.00 to $196.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Weiss Ratings raised shares of Nicolet Bankshares from a “buy (a)” rating to a “buy (a+)” rating in a report on Wednesday, November 4th. Keefe, Bruyette & Woods lifted their target price on Nicolet Bankshares from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Stephens lifted their target price on Nicolet Bankshares from $185.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $184.80.

Nicolet Bankshares Company Profile