Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens Sells 1,516 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 1,516 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $112.85, for a total value of $171,080.60. Following the sale, the executive vice president now directly owns 29,593 shares of the company’s stock, valued at approximately $3,339,570.05. This represents a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 25th, Brad Vincent Hutjens sold 5,838 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.58, for a total value of $663,080.04.
• On Wednesday, November 13th, Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock. The stock was sold at an average price of $115.30, for a total value of $691,800.00.
• On Friday, November 8th, Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.90, for a total transaction of $499,050.00.
• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The stock was sold at an average price of $112.35, for a total transaction of $1,011,150.00.
• On Wednesday, November 6th, Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock. The stock was 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 shares were 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 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 Trading Up 0.6 %

Shares of Nicolet Bankshares stock opened at $112.88 on Wednesday. The company has a 50-day moving average of $102.08 and a two-hundred day moving average of $92.95. The stock has a market cap of $1.72 billion, a PE ratio of 14.36 and a beta of 0.75. 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 $72.70 and a 12-month high of $116.17.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.13. The firm had revenue of $91.24 million during the quarter, compared to the consensus estimate of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. On average, research analysts anticipate that Nicolet Bankshares, Inc. will post 7.74 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.28 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.99%. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Institutional Investors Weigh In On Nicolet Bankshares

A number of large investors have recently added to or reduced their stakes in the business. 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 valued at $48,783,000 after purchasing an additional 16,952 shares in the last quarter. Janus Henderson Group PLC raised its position 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 purchasing an additional 157,566 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Nicolet Bankshares in the 3rd quarter valued at approximately $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 during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Nicolet Bankshares by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock worth $5,479,000 after buying an additional 4,007 shares in the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Maxim Group upped their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nicolet Bankshares 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.