Nicolet Bankshares, Inc. (NYSE:NIC – Get Free Report) EVP Brad Vincent Hutjens sold 200 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $101.85, for a total transaction of $20,370.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $2,716,746.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Nicolet Bankshares Price Performance
Shares of NIC stock opened at $99.74 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50-day moving average is $96.45 and its two-hundred day moving average is $88.34. Nicolet Bankshares, Inc. has a 12 month low of $66.71 and a 12 month high of $105.00. The company has a market capitalization of $1.49 billion, a PE ratio of 15.37 and a beta of 0.76.
Nicolet Bankshares Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 17.26%.
Hedge Funds Weigh In On Nicolet Bankshares
Analyst Upgrades and Downgrades
NIC has been the topic of several research reports. Piper Sandler raised their price target on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Maxim Group raised their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Stephens raised their price target on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.00.
Check Out Our Latest Stock Report on Nicolet Bankshares
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.
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