Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $487,250.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $97.45, for a total value of $487,250.00. Following the sale, the director now owns 83,218 shares of the company’s stock, valued at approximately $8,109,594.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Nicolet Bankshares Stock Performance

NYSE:NIC traded down $2.79 during midday trading on Wednesday, reaching $100.38. 87,171 shares of the company traded hands, compared to its average volume of 40,715. Nicolet Bankshares, Inc. has a twelve month low of $63.58 and a twelve month high of $104.10. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 15.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The company has a fifty day moving average price of $82.82 and a 200 day moving average price of $81.02.

Nicolet Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.12%. This is a positive change from Nicolet Bankshares’s previous quarterly dividend of $0.25. Nicolet Bankshares’s payout ratio is currently 17.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NIC. Piper Sandler lifted their target price on Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their target price on Nicolet Bankshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Finally, Stephens lifted their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $100.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC boosted its position in Nicolet Bankshares by 97.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after purchasing an additional 543 shares during the period. Blair William & Co. IL bought a new stake in Nicolet Bankshares during the 1st quarter valued at $201,000. ProShare Advisors LLC bought a new stake in Nicolet Bankshares during the 1st quarter valued at $203,000. SG Americas Securities LLC bought a new stake in Nicolet Bankshares during the 4th quarter valued at $238,000. Finally, Merit Financial Group LLC raised its stake in Nicolet Bankshares by 8.0% during the 4th quarter. Merit Financial Group LLC now owns 3,331 shares of the company’s stock valued at $268,000 after acquiring an additional 246 shares in the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Company Profile

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.