Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $663,080.04 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 5,838 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $113.58, for a total transaction of $663,080.04. Following the sale, the executive vice president now directly owns 29,593 shares of the company’s stock, valued at $3,361,172.94. The trade was a 16.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, November 22nd, Brad Vincent Hutjens sold 1,516 shares of Nicolet Bankshares stock. The stock was sold at an average price of $112.85, for a total transaction of $171,080.60.
• On Wednesday, November 13th, Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock. The shares were sold at an average price of $115.30, for a total transaction 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 value 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 value 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 value 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 stock was sold at an average price of $102.85, for a total transaction 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 transaction of $20,370.00.

Nicolet Bankshares Trading Up 0.6 %

NYSE NIC opened at $112.88 on Wednesday. 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 $1.72 billion, a P/E ratio of 14.36 and a beta of 0.75. The firm’s 50-day moving average is $102.08 and its two-hundred day moving average is $92.95. Nicolet Bankshares, Inc. has a 12 month low of $72.70 and a 12 month high of $116.17.

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

Nicolet Bankshares Announces Dividend

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

Analyst Ratings Changes

Separately, Maxim Group raised their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $106.00.

Hedge Funds Weigh In On Nicolet Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of NIC. ProShare Advisors LLC purchased a new position in Nicolet Bankshares in the 1st quarter valued at approximately $203,000. Vanguard Group Inc. boosted its holdings in Nicolet Bankshares by 1.2% in the first quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock valued at $60,704,000 after purchasing an additional 8,213 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Nicolet Bankshares by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,262 shares of the company’s stock worth $883,000 after purchasing an additional 469 shares in the last quarter. Janus Henderson Group PLC increased its holdings in 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 period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Nicolet Bankshares by 0.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock valued at $3,783,000 after purchasing an additional 192 shares in the last quarter. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Nicolet Bankshares Company Profile

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.