Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $110,975.15 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 1,079 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $102.85, for a total value of $110,975.15. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at $2,743,420.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total value of $468,996.00.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.85, for a total value of $20,370.00.

Nicolet Bankshares Trading Up 0.2 %

NYSE NIC opened at $102.91 on Thursday. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 13.09 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares, Inc. has a 12 month low of $71.51 and a 12 month high of $105.00. The company’s fifty day moving average price is $97.05 and its two-hundred day moving average price is $88.86.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.12 annualized dividend and a dividend yield of 1.09%. Nicolet Bankshares’s payout ratio is 14.25%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NIC shares. Maxim Group upped their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Piper Sandler upped their price objective on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Finally, Stephens lifted their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $106.00.

Hedge Funds Weigh In On Nicolet Bankshares

A number of hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in Nicolet Bankshares during the second quarter valued at approximately $67,000. EntryPoint Capital LLC increased its holdings in shares of Nicolet Bankshares by 97.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after acquiring an additional 543 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of Nicolet Bankshares during the 1st quarter valued at approximately $201,000. ProShare Advisors LLC bought a new position in Nicolet Bankshares during the first quarter worth $203,000. Finally, SG Americas Securities LLC acquired a new position in Nicolet Bankshares in the third quarter worth $412,000. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Nicolet Bankshares Company Profile

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.