Robert Bruce Atwell Sells 7,609 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 7,609 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $113.00, for a total value of $859,817.00. Following the completion of the sale, the director now owns 32,831 shares in the company, valued at approximately $3,709,903. The trade was a 18.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $389,398.00.
• On Thursday, November 7th, Robert Bruce Atwell sold 14 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.00, for a total transaction of $1,540.00.
• On Wednesday, October 30th, Robert Bruce Atwell sold 14,171 shares of Nicolet Bankshares stock. The shares were sold at an average price of $103.00, for a total transaction of $1,459,613.00.
• On Monday, October 28th, Robert Bruce Atwell sold 2,721 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.00, for a total value of $280,263.00.
• On Tuesday, October 22nd, Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.01, for a total value of $252,525.00.
• On Friday, October 18th, Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock. The shares were sold at an average price of $103.22, for a total value of $300,163.76.

Nicolet Bankshares Price Performance

Nicolet Bankshares stock opened at $112.46 on Friday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 14.31 and a beta of 0.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $106.25 and a 200 day simple moving average of $95.31. Nicolet Bankshares, Inc. has a 52 week low of $73.00 and a 52 week high of $116.17.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 forecast that Nicolet Bankshares, Inc. will post 7.61 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, December 2nd. Nicolet Bankshares’s payout ratio is 14.25%.

Analysts Set New Price Targets

A number of research firms have weighed in on NIC. Keefe, Bruyette & Woods lifted their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Maxim Group boosted their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Three research 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 currently has a consensus rating of “Hold” and a consensus target price of $112.00.

Institutional Trading of Nicolet Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in Nicolet Bankshares in the second quarter valued at $67,000. Quantbot Technologies LP purchased a new position in shares of Nicolet Bankshares in the 3rd quarter worth about $155,000. Virtu Financial LLC bought a new position in shares of Nicolet Bankshares during the 3rd quarter valued at about $264,000. Quest Partners LLC raised its holdings in shares of Nicolet Bankshares by 858.0% during the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after buying an additional 2,617 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Nicolet Bankshares by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after buying an additional 1,010 shares during the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

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.