Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells 6,000 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $115.30, for a total value of $691,800.00. Following the completion of the sale, the executive vice president now owns 26,674 shares of the company’s stock, valued at $3,075,512.20. This represents a 18.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Brad Vincent Hutjens also recently made the following trade(s):

• On Friday, November 8th, Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.90, for a total value of $499,050.00.
• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The stock was sold at an average price of $112.35, for a total transaction of $1,011,150.00.
• On Wednesday, November 6th, Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $106.35, for a total value of $1,435,725.00.
• On Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The stock was sold at an average price of $102.85, for a total value of $468,996.00.
• On Friday, October 25th, Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total transaction of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The shares were sold at an average price of $101.85, for a total transaction of $20,370.00.

Nicolet Bankshares Stock Performance

NYSE NIC traded down $0.89 on Friday, hitting $110.90. 8,563 shares of the stock were exchanged, compared to its average volume of 43,000. The business’s fifty day moving average is $99.52 and its 200 day moving average is $91.02. Nicolet Bankshares, Inc. has a 52 week low of $72.70 and a 52 week high of $116.17. The company has a market capitalization of $1.69 billion, a PE ratio of 14.25 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.13. The business had revenue of $91.24 million during the quarter, compared to the consensus estimate of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. Research analysts anticipate that Nicolet Bankshares, Inc. will post 7.74 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s payout ratio is presently 14.25%.

Institutional Investors Weigh In On Nicolet Bankshares

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Nicolet Bankshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after acquiring an additional 16,952 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Nicolet Bankshares by 2,480.2% during the 1st quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after purchasing an additional 157,566 shares during the last quarter. Creative Planning boosted its stake in Nicolet Bankshares by 6.6% in the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock valued at $1,194,000 after purchasing an additional 777 shares during the period. Bank of New York Mellon Corp boosted its stake in Nicolet Bankshares by 6.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock valued at $5,479,000 after purchasing an additional 4,007 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Nicolet Bankshares by 9.9% in the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after buying an additional 555 shares in the last quarter. Institutional investors own 43.06% of the company’s stock.

Analyst Upgrades and Downgrades

NIC has been the topic of several research reports. Maxim Group boosted their target price on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Stephens increased their target price on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nicolet Bankshares has a consensus rating of “Hold” and a consensus price target of $106.00.

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.