Nicolet Bankshares (NYSE:NIC) EVP Eric James Witczak Sells 342 Shares

Nicolet Bankshares Inc. (NYSE:NIC) EVP Eric James Witczak sold 342 shares of Nicolet Bankshares stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $171.96, for a total value of $58,810.32. Following the completion of the transaction, the executive vice president directly owned 33,288 shares in the company, valued at $5,724,204.48. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, July 27th, Eric James Witczak sold 1,215 shares of Nicolet Bankshares stock. The stock was sold at an average price of $167.89, for a total value of $203,986.35.

Nicolet Bankshares Stock Down 1.2%

NIC opened at $171.16 on Thursday. Nicolet Bankshares Inc. has a 1 year low of $114.11 and a 1 year high of $174.00. The firm has a 50 day moving average price of $155.21 and a 200 day moving average price of $150.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $3.64 billion, a PE ratio of 19.43 and a beta of 0.65.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results 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. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. The firm had revenue of $177.75 million for the quarter, compared to analysts’ expectations of $171.93 million. Sell-side analysts expect that Nicolet Bankshares Inc. will post 12.3 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

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

Analyst Upgrades and Downgrades

NIC has been the subject of a number of research reports. Piper Sandler set a $194.00 price target on shares of Nicolet Bankshares in a research report on Wednesday, July 22nd. Weiss Ratings lowered Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Raymond James Financial initiated coverage on Nicolet Bankshares in a research note on Tuesday, June 23rd. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods upped their target price on Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, Zacks Research upgraded Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Nicolet Bankshares by 3,940.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Nicolet Bankshares in the 4th quarter worth $48,000. Clearstead Advisors LLC lifted its holdings in Nicolet Bankshares by 192.9% in the 4th quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock worth $55,000 after buying an additional 297 shares in the last quarter. Parallel Advisors LLC boosted its position in Nicolet Bankshares by 151.9% in the 1st quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock valued at $90,000 after buying an additional 366 shares during the last quarter. Finally, UMB Bank n.a. purchased a new position in Nicolet Bankshares in the 4th quarter valued at about $102,000. 43.06% of the stock is currently owned by hedge funds and other 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.