Robert Bruce Atwell Sells 3,102 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,102 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $117.65, for a total transaction of $364,950.30. Following the transaction, the director now directly owns 33,816 shares of the company’s stock, valued at $3,978,452.40. This represents a 8.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Robert Bruce Atwell also recently made the following trade(s):

• On Wednesday, February 12th, Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00.
• On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.05, for a total transaction 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 shares were sold at an average price of $113.00, for a total transaction of $389,398.00.

Nicolet Bankshares Trading Up 1.5 %

NYSE:NIC opened at $119.02 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 12 month low of $75.24 and a 12 month high of $120.25. The company has a market cap of $1.81 billion, a PE ratio of 14.82 and a beta of 0.77. The company has a 50 day simple moving average of $110.60 and a two-hundred day simple moving average of $104.72.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Research analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Monday, March 10th. Nicolet Bankshares’s payout ratio is 13.95%.

Institutional Investors Weigh In On Nicolet Bankshares

A number of hedge funds have recently modified their holdings of NIC. JPMorgan Chase & Co. grew its position in shares of Nicolet Bankshares by 132.8% during the 4th quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company’s stock valued at $8,014,000 after acquiring an additional 43,567 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Nicolet Bankshares during the 4th quarter valued at $2,474,000. Dimensional Fund Advisors LP grew its position in shares of Nicolet Bankshares by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company’s stock valued at $67,325,000 after acquiring an additional 21,819 shares during the period. Martingale Asset Management L P bought a new stake in shares of Nicolet Bankshares during the 4th quarter valued at $1,898,000. Finally, Teacher Retirement System of Texas grew its position in shares of Nicolet Bankshares by 284.8% during the 4th quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company’s stock valued at $2,312,000 after acquiring an additional 16,308 shares during the period. Institutional investors own 43.06% of the company’s stock.

Analysts Set New Price Targets

NIC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 23rd. Maxim Group increased their price target on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler increased their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Three 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 stock currently has a consensus rating of “Hold” and a consensus price target of $119.00.

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.