Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total value of $469,368.00. Following the completion of the sale, the director now directly owns 30,317 shares of the company's stock, valued at approximately $3,579,831.36. This represents a 11.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Robert Bruce Atwell also recently made the following trade(s):
- On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.05, for a total value of $16,507.50.
- On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The shares were 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 shares were 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 transaction of $389,398.00.
Nicolet Bankshares Stock Up 0.9 %
Shares of Nicolet Bankshares stock opened at $119.12 on Friday. Nicolet Bankshares, Inc. has a twelve month low of $74.47 and a twelve month high of $119.18. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 14.83 and a beta of 0.77. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $109.01 and a 200 day moving average price of $102.89.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Equities research analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.
Nicolet Bankshares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares's dividend payout ratio is presently 13.95%.
Institutional Trading of Nicolet Bankshares
A number of hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in shares of Nicolet Bankshares by 748.7% in the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock valued at $35,000 after purchasing an additional 292 shares during the period. New York State Teachers Retirement System acquired a new position in Nicolet Bankshares in the 4th quarter worth $128,000. Ameritas Investment Partners Inc. boosted its position in Nicolet Bankshares by 11.0% in the 4th quarter. Ameritas Investment Partners Inc. now owns 1,410 shares of the company's stock valued at $148,000 after buying an additional 140 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Nicolet Bankshares during the third quarter valued at about $155,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Nicolet Bankshares during the fourth quarter worth about $211,000. Hedge funds and other institutional investors own 43.06% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, January 23rd. Maxim Group upped their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Piper Sandler lifted their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Nicolet Bankshares presently has a consensus rating of "Hold" and an average price target of $119.00.
Read Our Latest Stock Report on Nicolet Bankshares
About Nicolet Bankshares
(
Get Free Report)
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.
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