Brad Vincent Hutjens Sells 200 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 200 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $101.85, for a total value of $20,370.00. Following the completion of the sale, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at $2,716,746.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nicolet Bankshares Stock Performance

NYSE NIC traded up $0.99 during trading hours on Thursday, hitting $102.83. The company’s stock had a trading volume of 66,025 shares, compared to its average volume of 40,884. Nicolet Bankshares, Inc. has a 12 month low of $63.58 and a 12 month high of $105.00. The company’s 50 day simple moving average is $96.01 and its two-hundred day simple moving average is $88.09. The company has a market cap of $1.54 billion, a P/E ratio of 15.80 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96.

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. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 annualized dividend and a yield of 1.09%. Nicolet Bankshares’s payout ratio is 17.26%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NIC shares. Stephens raised their price target on Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Maxim Group raised 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. Finally, Piper Sandler raised their price target on Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. 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, the company presently has an average rating of “Hold” and a consensus target price of $106.00.

Institutional Investors Weigh In On Nicolet Bankshares

Large investors have recently bought and sold shares of the business. Rothschild Investment LLC bought a new stake in Nicolet Bankshares in the 2nd quarter worth about $67,000. EntryPoint Capital LLC boosted its position in Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after purchasing an additional 543 shares during the last quarter. Blair William & Co. IL purchased a new position in Nicolet Bankshares in the first quarter worth about $201,000. ProShare Advisors LLC purchased a new position in Nicolet Bankshares in the first quarter worth about $203,000. Finally, SG Americas Securities LLC purchased a new position in Nicolet Bankshares in the third quarter worth about $412,000. 43.06% of the stock is currently owned by institutional investors.

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.