Nicolet Bankshares (NYSE:NIC) EVP Eric James Witczak Sells 1,215 Shares of Stock

Nicolet Bankshares Inc. (NYSE:NIC) EVP Eric James Witczak sold 1,215 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $167.89, for a total transaction of $203,986.35. Following the sale, the executive vice president directly owned 33,630 shares in the company, valued at $5,646,140.70. The trade was a 3.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Eric James Witczak also recently made the following trade(s):

• On Tuesday, July 28th, Eric James Witczak sold 342 shares of Nicolet Bankshares stock. The stock was sold at an average price of $171.96, for a total value of $58,810.32.

Nicolet Bankshares Stock Performance

NYSE:NIC opened at $171.16 on Thursday. The business’s fifty day moving average is $155.21 and its 200 day moving average is $150.23. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 19.43 and a beta of 0.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90. Nicolet Bankshares Inc. has a 52-week low of $114.11 and a 52-week high of $174.00.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, July 21st. The company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.14. Nicolet Bankshares had a return on equity of 11.36% and a net margin of 21.77%.The business had revenue of $177.75 million during the quarter, compared to analyst estimates of $171.93 million. Research analysts predict that Nicolet Bankshares Inc. will post 12.3 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 16.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NIC shares. Weiss Ratings downgraded Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Piper Sandler set a $194.00 price objective on Nicolet Bankshares in a report on Wednesday, July 22nd. Zacks Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Hovde Group decreased their price target on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Nicolet Bankshares currently has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Institutional Trading of Nicolet Bankshares

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Nicolet Bankshares by 3,940.0% during the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after acquiring an additional 197 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Nicolet Bankshares in the 4th quarter worth approximately $48,000. Clearstead Advisors LLC boosted its stake in shares of Nicolet Bankshares by 192.9% in the 4th quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock valued at $55,000 after purchasing an additional 297 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Nicolet Bankshares by 151.9% during the 1st quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock valued at $90,000 after purchasing an additional 366 shares during the last quarter. Finally, UMB Bank n.a. purchased a new position in Nicolet Bankshares in the 4th quarter worth $102,000. Institutional investors own 43.06% of the company’s stock.

About Nicolet Bankshares

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.