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

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 stock was sold at an average price of $172.89, for a total transaction of $618,081.75. Following the sale, the director directly owned 34,483 shares of the company’s stock, valued at approximately $5,961,765.87. This trade represents a 9.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 Down 0.1%

Shares of NIC stock opened at $175.63 on Wednesday. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 19.43 and a beta of 0.67. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. Nicolet Bankshares Inc. has a fifty-two week low of $118.33 and a fifty-two week high of $180.00. The firm’s 50 day moving average price is $168.30 and its two-hundred day moving average price is $158.29.

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

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, December 1st. Nicolet Bankshares’s dividend payout ratio is currently 15.93%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in Nicolet Bankshares during the 2nd quarter worth $5,380,000. Principal Financial Group Inc. lifted its holdings in Nicolet Bankshares by 344.3% in the 2nd quarter. Principal Financial Group Inc. now owns 124,379 shares of the company’s stock worth $20,571,000 after buying an additional 96,387 shares in the last quarter. Bank of America Corp DE purchased a new position in Nicolet Bankshares in the 2nd quarter valued at about $4,809,000. BlackRock Inc. boosted its position in Nicolet Bankshares by 86.3% in the 2nd quarter. BlackRock Inc. now owns 3,027,246 shares of the company’s stock valued at $500,676,000 after buying an additional 1,402,419 shares during the last quarter. Finally, State Street Corp boosted its position in Nicolet Bankshares by 65.1% in the 2nd quarter. State Street Corp now owns 1,174,560 shares of the company’s stock valued at $194,244,000 after buying an additional 463,199 shares during the last quarter. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc. is a bank holding company headquartered in Green Bay, Wisconsin, and the parent of Nicolet National Bank. The bank was founded in 2000 and has expanded through acquisitions and organic growth. Nicolet National Bank provides commercial and consumer banking services, including business lending, deposit accounts, mortgages and other personal banking products. It also offers trust, wealth management and investment services. The company serves customers across Wisconsin, Michigan’s Upper Peninsula and parts of Minnesota through its branch network and digital banking services.