Robert Bruce Atwell Sells 7,609 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 7,609 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $113.00, for a total transaction of $859,817.00. Following the sale, the director now directly owns 32,831 shares in the company, valued at $3,709,903. This trade represents a 18.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total value of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total value of $389,398.00.
• On Thursday, November 7th, Robert Bruce Atwell sold 14 shares of Nicolet Bankshares stock. The shares were 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 transaction 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 transaction 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 stock was sold at an average price of $103.22, for a total value of $300,163.76.

Nicolet Bankshares Price Performance

Shares of Nicolet Bankshares stock traded up $2.29 on Wednesday, reaching $114.52. The company’s stock had a trading volume of 47,962 shares, compared to its average volume of 43,458. 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 company has a market capitalization of $1.74 billion, a P/E ratio of 14.28 and a beta of 0.76. The stock has a 50-day moving average price of $105.35 and a 200-day moving average price of $95.05. Nicolet Bankshares, Inc. has a 52-week low of $73.00 and a 52-week high of $116.17.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.13. The business had revenue of $91.24 million for the quarter, compared to the consensus estimate of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. Analysts expect that Nicolet Bankshares, Inc. will post 7.61 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 0.98%. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 14.25%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NIC shares. Keefe, Bruyette & Woods upped their price objective on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Maxim Group boosted their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company 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 assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $112.00.

Hedge Funds Weigh In On Nicolet Bankshares

A number of hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nicolet Bankshares by 0.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock worth $3,783,000 after acquiring an additional 192 shares during the last quarter. Principal Financial Group Inc. boosted its stake in 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 purchasing an additional 555 shares during the last quarter. Creative Planning grew its holdings in shares of Nicolet Bankshares by 6.6% during the third quarter. Creative Planning now owns 12,484 shares of the company’s stock worth $1,194,000 after buying an additional 777 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Nicolet Bankshares in the second quarter valued at about $67,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Nicolet Bankshares by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after buying an additional 1,010 shares in the last quarter. Institutional investors and hedge funds 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.