Insider Selling: Nicolet Bankshares (NYSE:NIC) EVP Sells 600 Shares of Stock

Nicolet Bankshares Inc. (NYSE:NIC) EVP Eric Witczak sold 600 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $173.11, for a total value of $103,866.00. Following the sale, the executive vice president owned 32,724 shares in the company, valued at $5,664,851.64. The trade was a 1.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Nicolet Bankshares Stock Up 1.8%

NIC stock traded up $3.04 during mid-day trading on Monday, reaching $176.16. The company had a trading volume of 134,213 shares, compared to its average volume of 207,283. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $168.10 and a two-hundred day simple moving average of $157.98. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 19.49 and a beta of 0.67. Nicolet Bankshares Inc. has a 52 week low of $118.33 and a 52 week high of $180.00.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.08. The firm had revenue of $174.43 million for the quarter, compared to analyst estimates of $173.64 million. Nicolet Bankshares had a return on equity of 11.27% and a net margin of 22.11%. As a group, equities analysts predict that Nicolet Bankshares Inc. will post 12.10 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NIC. Keefe, Bruyette & Woods boosted their price objective on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Stephens raised their target price on shares of Nicolet Bankshares from $185.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, October 23rd. Piper Sandler lifted their price target on Nicolet Bankshares from $194.00 to $196.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Weiss Ratings raised Nicolet Bankshares from a “buy (a)” rating to a “buy (a+)” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Nicolet Bankshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.80.

Hedge Funds Weigh In On Nicolet Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NIC. Sterling Capital Management LLC raised its position in shares of Nicolet Bankshares by 58.0% in the third quarter. Sterling Capital Management LLC now owns 474 shares of the company’s stock valued at $77,000 after purchasing an additional 174 shares during the period. TOWER TRUST & INVESTMENT Co bought a new stake in shares of Nicolet Bankshares during the 3rd quarter worth about $88,000. Parallel Advisors LLC boosted its holdings in shares of Nicolet Bankshares by 151.9% during the 1st 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 grew its stake in Nicolet Bankshares by 82.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 630 shares of the company’s stock valued at $94,000 after buying an additional 284 shares during the last quarter. Finally, KBC Group NV grew its stake in Nicolet Bankshares by 42.5% in the 1st quarter. KBC Group NV now owns 842 shares of the company’s stock valued at $125,000 after buying an additional 251 shares during the last quarter. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Company Profile