Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $499,050.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $110.90, for a total transaction of $499,050.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at $2,958,146.60. This trade represents a 14.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 transaction 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 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 Price Performance

Nicolet Bankshares stock opened at $111.98 on Friday. The company’s fifty day moving average price is $99.20 and its 200 day moving average price is $90.87. 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 $1.70 billion, a P/E ratio of 14.25 and a beta of 0.75. 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 (NYSE:NIC) last announced its earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.13. The company had revenue of $91.24 million for the quarter, compared to analysts’ expectations of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. As a group, equities research analysts anticipate that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Stephens increased their price objective on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Maxim Group lifted their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NIC. Dimensional Fund Advisors LP lifted its position in shares of Nicolet Bankshares by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after buying an additional 16,952 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of 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 buying an additional 157,566 shares during the last quarter. Creative Planning lifted its position in shares of Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock worth $1,194,000 after buying an additional 777 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Nicolet Bankshares by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock worth $5,479,000 after buying an additional 4,007 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Nicolet Bankshares by 9.9% during the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock worth $512,000 after buying an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

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.