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

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

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 shares were sold at an average price of $171.22, for a total transaction of $608,858.32.

Nicolet Bankshares Trading Up 1.8%

NIC stock opened at $176.16 on Tuesday. The firm has a fifty day moving average price of $168.18 and a 200 day moving average price of $158.14. Nicolet Bankshares Inc. has a fifty-two week low of $118.33 and a fifty-two week high of $180.00. The firm has a market cap of $3.66 billion, a PE ratio of 19.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90.

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

Nicolet Bankshares Dividend Announcement

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

Hedge Funds Weigh In On Nicolet Bankshares

Several large investors have recently modified their holdings of the stock. Sterling Capital Management LLC lifted its position in Nicolet Bankshares by 58.0% in the third quarter. Sterling Capital Management LLC now owns 474 shares of the company’s stock worth $77,000 after buying an additional 174 shares during the last quarter. TOWER TRUST & INVESTMENT Co purchased a new position in Nicolet Bankshares during the third quarter worth $88,000. Parallel Advisors LLC boosted its stake in Nicolet Bankshares by 151.9% during the first quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock worth $90,000 after buying an additional 366 shares during the period. EverSource Wealth Advisors LLC increased its position in Nicolet Bankshares by 82.1% during the first quarter. EverSource Wealth Advisors LLC now owns 630 shares of the company’s stock valued at $94,000 after acquiring an additional 284 shares during the last quarter. Finally, KBC Group NV increased its position in Nicolet Bankshares by 42.5% during the first quarter. KBC Group NV now owns 842 shares of the company’s stock valued at $125,000 after acquiring an additional 251 shares during the last quarter. Institutional investors own 43.06% of the company’s stock.

Analyst Ratings Changes

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

Nicolet Bankshares Company Profile