Insider Selling: Nicolet Bankshares (NYSE:NIC) EVP Sells $203,986.35 in Stock

Nicolet Bankshares Inc. (NYSE:NIC) EVP Eric James Witczak sold 1,215 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $167.89, for a total value of $203,986.35. Following the completion of the transaction, the executive vice president directly owned 33,630 shares in the company, valued at approximately $5,646,140.70. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Eric James Witczak also recently made the following trade(s):

• On Tuesday, July 28th, Eric James Witczak sold 342 shares of Nicolet Bankshares stock. The shares were sold at an average price of $171.96, for a total value of $58,810.32.

Nicolet Bankshares Stock Performance

NIC traded down $2.00 during midday trading on Wednesday, reaching $171.16. The company had a trading volume of 198,563 shares, compared to its average volume of 232,333. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average of $154.63 and a two-hundred day moving average of $149.92. The company has a market cap of $3.64 billion, a P/E ratio of 19.43 and a beta of 0.65. Nicolet Bankshares Inc. has a 1 year low of $114.11 and a 1 year high of $174.00.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.14. The firm had revenue of $177.75 million for the quarter, compared to analysts’ expectations of $171.93 million. Nicolet Bankshares had a return on equity of 11.36% and a net margin of 21.77%. As a group, equities research analysts predict that Nicolet Bankshares Inc. will post 12.3 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.44 annualized dividend and a yield of 0.8%. Nicolet Bankshares’s payout ratio is currently 16.35%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NIC. Hovde Group decreased their price objective on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Zacks Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Raymond James Financial assumed coverage on Nicolet Bankshares in a research note on Tuesday, June 23rd. They issued a “market perform” rating for the company. Weiss Ratings cut Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on Nicolet Bankshares from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Hedge Funds Weigh In On Nicolet Bankshares

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Nicolet Bankshares by 32.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 819,274 shares of the company’s stock worth $121,756,000 after buying an additional 198,997 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Nicolet Bankshares by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 737,578 shares of the company’s stock valued at $89,468,000 after buying an additional 22,474 shares in the last quarter. State Street Corp raised its position in shares of Nicolet Bankshares by 6.2% during the 4th quarter. State Street Corp now owns 458,724 shares of the company’s stock valued at $55,643,000 after buying an additional 26,893 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Nicolet Bankshares in the 1st quarter valued at about $31,794,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Nicolet Bankshares by 0.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 204,236 shares of the company’s stock valued at $30,354,000 after acquiring an additional 746 shares during the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.