Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $389,398.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,446 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $113.00, for a total value of $389,398.00. Following the completion of the transaction, the director now owns 32,831 shares of the company’s stock, valued at $3,709,903. This represents a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, November 7th, Robert Bruce Atwell sold 14 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.00, for a total value 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 value 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 shares were 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

NYSE:NIC traded down $0.16 on Wednesday, reaching $110.78. 11,338 shares of the company’s stock traded hands, compared to its average volume of 43,201. 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 stock has a 50-day simple moving average of $103.59 and a 200-day simple moving average of $94.01. The firm has a market cap of $1.68 billion, a PE ratio of 14.14 and a beta of 0.76. Nicolet Bankshares, Inc. has a 12 month low of $73.00 and a 12 month high of $116.17.

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

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is 14.25%.

Hedge Funds Weigh In On Nicolet Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Nicolet Bankshares in the third quarter valued at $264,000. Geode Capital Management LLC raised its position in shares of Nicolet Bankshares by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after purchasing an additional 4,911 shares during the last quarter. Barclays PLC grew its stake in Nicolet Bankshares by 170.7% during the 3rd quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after acquiring an additional 15,121 shares in the last quarter. State Street Corp grew its stake in Nicolet Bankshares by 3.7% during the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after acquiring an additional 13,772 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in Nicolet Bankshares during the 3rd quarter valued at about $412,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Maxim Group upped their price objective on 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 given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.