Brad Vincent Hutjens Sells 13,500 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 13,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.35, for a total transaction of $1,435,725.00. Following the completion of the sale, the executive vice president now owns 26,674 shares of the company’s stock, valued at approximately $2,836,779.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 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 value 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 value of $20,370.00.

Nicolet Bankshares Stock Up 2.1 %

Shares of NYSE NIC opened at $110.98 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $1.69 billion, a PE ratio of 14.12 and a beta of 0.75. Nicolet Bankshares, Inc. has a one year low of $71.51 and a one year high of $115.00. The business’s fifty day moving average price is $98.27 and its 200-day moving average price is $90.13.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.91 by $0.13. The business had revenue of $91.24 million for 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%. On average, equities research analysts anticipate that Nicolet Bankshares, Inc. will post 7.74 EPS for the current year.

Nicolet Bankshares Dividend Announcement

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

Institutional Investors Weigh In On Nicolet Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC boosted its holdings in shares of Nicolet Bankshares by 858.0% in the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock worth $279,000 after acquiring an additional 2,617 shares during the period. Los Angeles Capital Management LLC bought a new position in Nicolet Bankshares in the 3rd quarter worth about $528,000. Creative Planning grew its holdings in Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock valued at $1,194,000 after buying an additional 777 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Nicolet Bankshares during the third quarter valued at about $412,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Nicolet Bankshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after buying an additional 16,952 shares in the last quarter. Institutional investors own 43.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NIC shares. Maxim Group boosted their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Piper Sandler increased their price target 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 price objective on shares of 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.