Nicolet Bankshares, Inc. (NYSE:NIC – Get Free Report) Director Robert Bruce Atwell sold 2,908 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $103.22, for a total value of $300,163.76. Following the completion of the transaction, the director now owns 35,815 shares in the company, valued at approximately $3,696,824.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Nicolet Bankshares Stock Up 0.6 %
Shares of NYSE:NIC traded up $0.61 on Tuesday, reaching $100.72. The company had a trading volume of 19,863 shares, compared to its average volume of 40,358. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.50 billion, a PE ratio of 15.43 and a beta of 0.76. Nicolet Bankshares, Inc. has a 52-week low of $63.58 and a 52-week high of $105.00. The firm’s 50 day simple moving average is $95.41 and its 200-day simple moving average is $87.85.
Nicolet Bankshares Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.28 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.11%. Nicolet Bankshares’s dividend payout ratio is presently 17.26%.
Institutional Trading of Nicolet Bankshares
Analysts Set New Price Targets
Several brokerages recently issued reports on NIC. Piper Sandler boosted their target price 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. Stephens boosted their target price on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, Maxim Group increased their price target 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.
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