Robert Bruce Atwell Sells 3,102 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,102 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $117.65, for a total value of $364,950.30. Following the sale, the director now directly owns 33,816 shares of the company’s stock, valued at approximately $3,978,452.40. The trade was a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, February 12th, Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock. The stock was sold at an average price of $118.08, for a total value of $469,368.00.
• On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.05, for a total transaction of $16,507.50.
• On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $859,817.00.
• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total transaction of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $389,398.00.

Nicolet Bankshares Stock Down 0.4 %

Shares of NIC opened at $117.42 on Thursday. The firm has a 50 day simple moving average of $110.33 and a two-hundred day simple moving average of $104.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares, Inc. has a one year low of $75.24 and a one year high of $120.25. The company has a market cap of $1.79 billion, a P/E ratio of 14.62 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Research analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Monday, March 10th. Nicolet Bankshares’s payout ratio is 13.95%.

Wall Street Analysts Forecast Growth

NIC has been the subject of several recent research reports. Maxim Group boosted their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Piper Sandler upped their target price on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $119.00.

Institutional Investors Weigh In On Nicolet Bankshares

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in Nicolet Bankshares by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company’s stock worth $67,325,000 after purchasing an additional 21,819 shares in the last quarter. FMR LLC grew its stake in shares of Nicolet Bankshares by 0.5% during the third quarter. FMR LLC now owns 589,766 shares of the company’s stock worth $56,399,000 after buying an additional 2,654 shares during the last quarter. State Street Corp increased its holdings in shares of Nicolet Bankshares by 3.7% during the third quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after buying an additional 13,772 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Nicolet Bankshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock valued at $29,019,000 after acquiring an additional 4,911 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Nicolet Bankshares by 5.1% during the 4th quarter. Janus Henderson Group PLC now owns 180,218 shares of the company’s stock valued at $18,907,000 after acquiring an additional 8,698 shares in the last quarter. 43.06% of the stock is currently owned by institutional investors and hedge funds.

About Nicolet Bankshares

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.