Robert Bruce Atwell Sells 8,945 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 8,945 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $113.00, for a total value of $1,010,785.00. Following the completion of the transaction, the director now owns 32,831 shares of the company’s stock, valued at approximately $3,709,903. This represents a 21.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 value of $389,398.00.
• On Thursday, November 7th, Robert Bruce Atwell sold 14 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.00, for a total value of $1,540.00.
• On Wednesday, October 30th, Robert Bruce Atwell sold 14,171 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.00, for a total value of $1,459,613.00.
• On Monday, October 28th, Robert Bruce Atwell sold 2,721 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.00, for a total value of $280,263.00.
• 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.
• On Friday, October 18th, Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.22, for a total value of $300,163.76.

Nicolet Bankshares Price Performance

Shares of NIC opened at $111.65 on Friday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.20 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares, Inc. has a one year low of $73.00 and a one year high of $116.17. The stock’s fifty day moving average is $104.64 and its 200-day moving average is $94.45.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.13. The company had revenue of $91.24 million for the quarter, compared to analyst estimates of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. Equities analysts anticipate that Nicolet Bankshares, Inc. will post 7.61 EPS for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is 14.25%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NIC. Dimensional Fund Advisors LP increased its holdings in shares of Nicolet Bankshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock valued at $48,783,000 after purchasing an additional 16,952 shares during the period. Barclays PLC boosted its stake in Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after buying an additional 15,121 shares in the last quarter. State Street Corp boosted its stake in Nicolet Bankshares by 3.7% during the third quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after buying an additional 13,772 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Nicolet Bankshares during the third quarter valued at about $528,000. Finally, Geode Capital Management LLC boosted its stake in Nicolet Bankshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock valued at $29,019,000 after buying an additional 4,911 shares in the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Maxim Group increased their target price on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $112.00.

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.