Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $691,800.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 6,000 shares of the business’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 transaction, the executive vice president now owns 26,674 shares in the company, valued at $3,075,512.20. This represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The shares were sold at an average price of $112.35, for a total value of $1,011,150.00.
• 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 transaction 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 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 stock was sold at an average price of $101.85, for a total transaction of $20,370.00.

Nicolet Bankshares Price Performance

Shares of NIC traded down $0.89 on Friday, hitting $110.90. The company’s stock had a trading volume of 8,563 shares, compared to its average volume of 43,000. The company has a 50 day moving average price of $99.52 and a 200 day moving average price of $91.02. 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 $1.69 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 posted its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping 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 company had revenue of $91.24 million for the quarter, compared to analyst estimates of $86.50 million. On average, research analysts anticipate that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders 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 yield of 1.01%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NIC shares. Stephens increased their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Maxim Group lifted their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Nicolet Bankshares presently has an average rating of “Hold” and a consensus target price of $106.00.

Hedge Funds Weigh In On Nicolet Bankshares

A number of institutional investors have recently modified their holdings of NIC. BNP Paribas Financial Markets increased its stake in shares of Nicolet Bankshares by 89.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,456 shares of the company’s stock valued at $555,000 after buying an additional 3,050 shares during the period. ProShare Advisors LLC acquired a new stake in Nicolet Bankshares in the first quarter worth about $203,000. Blair William & Co. IL bought a new stake in Nicolet Bankshares during the 1st quarter worth about $201,000. Vanguard Group Inc. boosted its stake in shares of Nicolet Bankshares by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock valued at $60,704,000 after purchasing an additional 8,213 shares during the last quarter. Finally, EntryPoint Capital LLC grew its position in shares of Nicolet Bankshares by 97.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after buying an additional 543 shares during the period. 43.06% of the stock is owned by institutional investors.

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.