Robert Bruce Atwell Sells 3,309 Shares of Nicolet Bankshares (NYSE:NIC) Stock

Nicolet Bankshares Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,309 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $149.82, for a total transaction of $495,754.38. Following the sale, the director owned 34,054 shares in the company, valued at $5,101,970.28. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, March 5th, Robert Bruce Atwell sold 3,331 shares of Nicolet Bankshares stock. The stock was sold at an average price of $150.67, for a total transaction of $501,881.77.
• On Wednesday, February 18th, Robert Bruce Atwell sold 6,396 shares of Nicolet Bankshares stock. The stock was sold at an average price of $155.47, for a total transaction of $994,386.12.

Nicolet Bankshares Stock Performance

Shares of NYSE:NIC opened at $145.22 on Wednesday. Nicolet Bankshares Inc. has a 1 year low of $97.90 and a 1 year high of $163.11. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50 day simple moving average is $146.58 and its 200 day simple moving average is $134.62.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, January 20th. The company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.18. Nicolet Bankshares had a return on equity of 12.49% and a net margin of 26.98%.The firm had revenue of $103.99 million during the quarter, compared to analysts’ expectations of $79.67 million. As a group, research analysts predict that Nicolet Bankshares Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Nicolet Bankshares’s dividend payout ratio (DPR) is 13.06%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Nicolet Bankshares from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. Zacks Research upgraded shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Piper Sandler raised shares of 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 note on Thursday, February 19th. Finally, Maxim Group raised their target price on shares of Nicolet Bankshares from $161.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $179.50.

Hedge Funds Weigh In On Nicolet Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners lifted its stake in shares of Nicolet Bankshares by 2.0% in the second quarter. Boston Partners now owns 141,860 shares of the company’s stock worth $17,609,000 after acquiring an additional 2,779 shares during the period. Bank of New York Mellon Corp increased its position in Nicolet Bankshares by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 60,004 shares of the company’s stock valued at $7,409,000 after purchasing an additional 1,940 shares during the period. First Trust Advisors LP raised its holdings in Nicolet Bankshares by 50.6% during the 2nd quarter. First Trust Advisors LP now owns 519,013 shares of the company’s stock worth $64,088,000 after purchasing an additional 174,361 shares during the last quarter. Caldwell Trust Co bought a new position in Nicolet Bankshares during the 2nd quarter worth approximately $1,553,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Nicolet Bankshares by 8.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,259 shares of the company’s stock worth $773,000 after purchasing an additional 493 shares during the period. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Company Profile

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.