Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells 9,000 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $112.35, for a total value of $1,011,150.00. Following the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $2,996,823.90. This trade represents a 25.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $110.90, for a total value of $499,050.00.
• On Wednesday, November 6th, Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock. The shares were 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 transaction of $468,996.00.
• On Friday, October 25th, Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock. The stock was 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

Shares of NIC opened at $111.98 on Friday. Nicolet Bankshares, Inc. has a fifty-two week low of $72.70 and a fifty-two week high of $116.17. The company has a market capitalization of $1.70 billion, a PE ratio of 14.25 and a beta of 0.75. The stock has a fifty day moving average of $99.20 and a two-hundred day moving average of $90.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The business had revenue of $91.24 million during the quarter, compared to the consensus estimate of $86.50 million. As a group, analysts forecast that Nicolet Bankshares, Inc. will post 7.74 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Analyst Ratings Changes

NIC has been the topic of a number of analyst reports. Stephens increased their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Maxim Group upped their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $106.00.

Institutional Investors Weigh In On Nicolet Bankshares

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased 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 purchasing an additional 16,952 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of 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 buying an additional 157,566 shares during the last quarter. Creative Planning raised its position in shares of Nicolet Bankshares by 6.6% in the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock worth $1,194,000 after buying an additional 777 shares during the period. Bank of New York Mellon Corp boosted its holdings in Nicolet Bankshares by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock valued at $5,479,000 after acquiring an additional 4,007 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Nicolet Bankshares by 9.9% during the second quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after acquiring an additional 555 shares during the period. 43.06% of the stock is owned by institutional investors and hedge funds.

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.