Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell Sells 3,102 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,102 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $117.65, for a total value of $364,950.30. Following the completion of the transaction, the director now directly owns 33,816 shares of the company’s stock, valued at approximately $3,978,452.40. The trade was a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, February 12th, Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock. The shares were sold at an average price of $118.08, for a total value of $469,368.00.
• On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.05, for a total value of $16,507.50.
• On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total transaction of $859,817.00.
• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total transaction of $389,398.00.

Nicolet Bankshares Price Performance

Shares of NYSE NIC opened at $117.42 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average of $110.33 and a 200-day moving average of $104.62. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 14.62 and a beta of 0.77. Nicolet Bankshares, Inc. has a fifty-two week low of $75.24 and a fifty-two week high of $120.25.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, sell-side analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.28 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.12 annualized dividend and a yield of 0.95%. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 13.95%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Maxim Group boosted their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler raised their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nicolet Bankshares has a consensus rating of “Hold” and an average target price of $119.00.

Hedge Funds Weigh In On Nicolet Bankshares

A number of institutional investors have recently bought and sold shares of NIC. JPMorgan Chase & Co. lifted its position in shares of Nicolet Bankshares by 132.8% in the fourth quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company’s stock valued at $8,014,000 after buying an additional 43,567 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Nicolet Bankshares during the 4th quarter valued at $2,474,000. Dimensional Fund Advisors LP lifted its holdings in Nicolet Bankshares by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company’s stock valued at $67,325,000 after purchasing an additional 21,819 shares during the last quarter. Martingale Asset Management L P bought a new position in Nicolet Bankshares during the fourth quarter worth $1,898,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of Nicolet Bankshares by 284.8% in the fourth quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company’s stock valued at $2,312,000 after purchasing an additional 16,308 shares during the last quarter. Institutional investors and hedge funds 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.