Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $171,080.60 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 1,516 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $112.85, for a total transaction of $171,080.60. Following the transaction, the executive vice president now directly owns 29,593 shares in the company, valued at approximately $3,339,570.05. The trade was a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 stock was sold at an average price of $113.58, for a total transaction of $663,080.04.
• 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 stock was 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 shares were 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 shares were 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 value 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 transaction of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.85, for a total transaction of $20,370.00.

Nicolet Bankshares Stock Up 0.5 %

Shares of NYSE:NIC opened at $113.49 on Thursday. The company’s fifty day moving average is $102.40 and its two-hundred day moving average is $93.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares, Inc. has a 1-year low of $72.70 and a 1-year high of $116.17. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 14.44 and a beta of 0.75.

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, 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. Equities analysts anticipate that Nicolet Bankshares, Inc. will post 7.74 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is 14.25%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC acquired a new position in shares of Nicolet Bankshares during the first quarter valued at $203,000. Vanguard Group Inc. grew its position in Nicolet Bankshares by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock worth $60,704,000 after purchasing an additional 8,213 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Nicolet Bankshares by 4.8% in 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 during the last quarter. Janus Henderson Group PLC increased its stake in shares of Nicolet Bankshares by 2,480.2% in the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock valued at $14,094,000 after purchasing an additional 157,566 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Nicolet Bankshares by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock valued at $3,783,000 after buying an additional 192 shares during the last quarter. 43.06% of the stock is currently owned by 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.