Robert Bruce Atwell Sells 150 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $110.05, for a total transaction of $16,507.50. Following the transaction, the director now directly owns 30,317 shares of the company’s stock, valued at approximately $3,336,385.85. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The stock was 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 stock was 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.

Nicolet Bankshares Stock Performance

NIC opened at $111.76 on Friday. 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 52-week low of $73.00 and a 52-week high of $116.17. The firm has a market cap of $1.70 billion, a P/E ratio of 13.92 and a beta of 0.77. The business’s fifty day moving average is $108.31 and its 200-day moving average is $101.77.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, January 21st. The company reported $2.17 EPS 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%. Sell-side analysts expect that Nicolet Bankshares, Inc. will post 8.1 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares’s payout ratio is presently 13.95%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Nicolet Bankshares

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers raised its holdings in shares of Nicolet Bankshares by 1.5% during the 4th quarter. Rhumbline Advisers now owns 19,955 shares of the company’s stock worth $2,093,000 after buying an additional 299 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Nicolet Bankshares during the fourth quarter worth about $128,000. Heck Capital Advisors LLC acquired a new stake in shares of Nicolet Bankshares in the 4th quarter valued at approximately $629,000. Verus Wealth Management LLC bought a new stake in shares of Nicolet Bankshares during the 4th quarter valued at approximately $551,000. Finally, Merit Financial Group LLC increased its position in Nicolet Bankshares by 1.7% during the 4th quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock worth $3,624,000 after purchasing an additional 592 shares in 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.