Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell Sells 2,908 Shares

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock in a transaction on Friday, October 18th. The stock was sold at an average price of $103.22, for a total transaction of $300,163.76. Following the transaction, the director now directly owns 35,815 shares of the company’s stock, valued at $3,696,824.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, October 22nd, Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.01, for a total value of $252,525.00.

Nicolet Bankshares Stock Performance

NYSE NIC opened at $101.84 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $95.72 and a 200 day simple moving average of $87.99. Nicolet Bankshares, Inc. has a 12-month low of $63.58 and a 12-month high of $105.00. The company has a market cap of $1.52 billion, a P/E ratio of 15.69 and a beta of 0.76.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s payout ratio is presently 17.26%.

Wall Street Analyst Weigh In

NIC has been the topic of several research analyst reports. Stephens upped their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Piper Sandler raised their price objective on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Finally, Maxim Group lifted their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Nicolet Bankshares has a consensus rating of “Hold” and a consensus target price of $106.00.

Hedge Funds Weigh In On Nicolet Bankshares

Large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new stake in Nicolet Bankshares during the 2nd quarter worth approximately $67,000. EntryPoint Capital LLC raised its position in Nicolet Bankshares by 97.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after buying an additional 543 shares during the last quarter. Blair William & Co. IL bought a new position in Nicolet Bankshares during the 1st quarter valued at $201,000. ProShare Advisors LLC purchased a new position in Nicolet Bankshares during the 1st quarter worth $203,000. Finally, SG Americas Securities LLC bought a new stake in shares of Nicolet Bankshares in the 3rd quarter worth $412,000. Institutional investors own 43.06% of the company’s stock.

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.