Robert Bruce Atwell Sells 6,396 Shares of Nicolet Bankshares (NYSE:NIC) Stock

Nicolet Bankshares Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 6,396 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $155.47, for a total transaction of $994,386.12. Following the completion of the sale, the director directly owned 34,054 shares of the company’s stock, valued at approximately $5,294,375.38. This represents a 15.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Nicolet Bankshares Price Performance

Shares of NYSE:NIC opened at $161.01 on Friday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 16.43 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares Inc. has a 12 month low of $97.90 and a 12 month high of $162.00. The stock’s 50 day moving average price is $137.48 and its 200 day moving average price is $132.17.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.18. The company had revenue of $103.99 million for the quarter, compared to analysts’ expectations of $79.67 million. Nicolet Bankshares had a return on equity of 12.65% and a net margin of 26.98%. Equities research analysts anticipate that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.32 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.28 annualized dividend and a yield of 0.8%. Nicolet Bankshares’s payout ratio is 13.06%.

Wall Street Analysts Forecast Growth

NIC has been the topic of a number of research reports. Hovde Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Nicolet Bankshares in a report on Tuesday, January 27th. Keefe, Bruyette & Woods upped their price target on Nicolet Bankshares from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Piper Sandler upgraded Nicolet Bankshares from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $148.00 to $185.00 in a research report on Thursday. Zacks Research upgraded Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, Nicolet Bankshares presently has a consensus rating of “Buy” and a consensus price target of $179.50.

Institutional Trading of Nicolet Bankshares

Several large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Nicolet Bankshares by 3,940.0% during the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after buying an additional 197 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Nicolet Bankshares during the 3rd quarter worth about $43,000. Meeder Asset Management Inc. purchased a new position in Nicolet Bankshares during the 4th quarter valued at about $48,000. Clearstead Advisors LLC increased its holdings in shares of Nicolet Bankshares by 192.9% in the 4th quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock valued at $55,000 after purchasing an additional 297 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Nicolet Bankshares by 45.1% in the third quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock worth $79,000 after purchasing an additional 183 shares in the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

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.