Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) CEO Sells 8,003 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) CEO Michael E. Daniels sold 8,003 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $98.98, for a total transaction of $792,136.94. Following the completion of the transaction, the chief executive officer now directly owns 72,402 shares of the company’s stock, valued at approximately $7,166,349.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Nicolet Bankshares Trading Up 0.8 %

Shares of NIC traded up $0.76 during mid-day trading on Friday, reaching $98.85. The company had a trading volume of 544 shares, compared to its average volume of 41,207. Nicolet Bankshares, Inc. has a fifty-two week low of $63.58 and a fifty-two week high of $104.58. The firm has a fifty day simple moving average of $90.55 and a 200-day simple moving average of $83.88. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 15.08 and a beta of 0.77. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, July 16th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.18. Nicolet Bankshares had a return on equity of 10.37% and a net margin of 21.13%. The business had revenue of $85.43 million for the quarter, compared to analyst estimates of $81.40 million. On average, sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 7.03 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is currently 17.26%.

Institutional Trading of Nicolet Bankshares

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Nicolet Bankshares by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 542,091 shares of the company’s stock valued at $43,629,000 after buying an additional 20,299 shares during the period. Janus Henderson Group PLC increased its position in shares of Nicolet Bankshares by 2,480.2% in the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after acquiring an additional 157,566 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Nicolet Bankshares by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 101,665 shares of the company’s stock worth $8,182,000 after acquiring an additional 2,036 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Nicolet Bankshares by 8.0% in 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 during the period. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Nicolet Bankshares by 745.0% during the 4th quarter. Johnson Financial Group Inc. now owns 5,915 shares of the company’s stock valued at $476,000 after acquiring an additional 5,215 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Stephens boosted their price target on Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Piper Sandler upped their target price on Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $100.00.

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.