Nicolet Bankshares (NYSE:NIC) Director Robert Bruce Atwell Sells 3,331 Shares

Nicolet Bankshares Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,331 shares of Nicolet Bankshares stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $150.67, for a total transaction of $501,881.77. Following the completion of the sale, the director owned 34,054 shares of the company’s stock, valued at $5,130,916.18. This represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, February 18th, Robert Bruce Atwell sold 6,396 shares of Nicolet Bankshares stock. The shares were sold at an average price of $155.47, for a total transaction of $994,386.12.

Nicolet Bankshares Trading Up 1.6%

NYSE:NIC opened at $150.42 on Tuesday. The company has a market cap of $2.23 billion, a PE ratio of 15.35 and a beta of 0.77. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $143.40 and a two-hundred day simple moving average of $134.14. Nicolet Bankshares Inc. has a 12 month low of $97.90 and a 12 month high of $163.11.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, January 20th. The company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. Nicolet Bankshares had a return on equity of 12.49% and a net margin of 26.98%.The firm had revenue of $103.99 million for the quarter, compared to the consensus estimate of $79.67 million. Research analysts forecast that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Nicolet Bankshares’s dividend payout ratio is presently 13.06%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Zacks Research raised shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Hovde Group restated an “outperform” rating and issued a $190.00 price objective on shares of Nicolet Bankshares in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods raised their target price on Nicolet Bankshares from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. Finally, Piper Sandler upgraded Nicolet Bankshares from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $148.00 to $185.00 in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $179.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NIC. EverSource Wealth Advisors LLC raised its position in shares of Nicolet Bankshares by 3,940.0% during the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after buying an additional 197 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Nicolet Bankshares in the third quarter worth $43,000. Meeder Asset Management Inc. bought a new position in shares of Nicolet Bankshares during the fourth quarter worth $48,000. Clearstead Advisors LLC grew its stake in Nicolet Bankshares by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock valued at $55,000 after acquiring an additional 297 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Nicolet Bankshares by 45.1% during the third quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock valued at $79,000 after acquiring an additional 183 shares in the last quarter. 43.06% of the stock is currently owned by institutional investors.

About Nicolet Bankshares

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.