Robert Bruce Atwell Sells 3,208 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 3,208 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $123.42, for a total value of $395,931.36. Following the transaction, the director now owns 34,220 shares in the company, valued at $4,223,432.40. This trade represents a 8.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, April 23rd, Robert Bruce Atwell sold 6,192 shares of Nicolet Bankshares stock. The stock was sold at an average price of $115.85, for a total value of $717,343.20.

Nicolet Bankshares Stock Performance

NYSE NIC traded up $2.08 during trading hours on Friday, hitting $117.84. The company had a trading volume of 50,986 shares, compared to its average volume of 56,575. Nicolet Bankshares, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $125.50. 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 business has a fifty day simple moving average of $115.61 and a 200-day simple moving average of $112.86. The firm has a market cap of $1.78 billion, a P/E ratio of 14.67 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.14. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. The firm had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. Equities analysts predict that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Nicolet Bankshares's previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.09%. Nicolet Bankshares's dividend payout ratio (DPR) is currently 15.44%.

Analyst Ratings Changes

Several equities analysts recently issued reports on NIC shares. Piper Sandler reduced their price objective on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods raised their price objective on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research note on Thursday, April 17th.

Institutional Investors Weigh In On Nicolet Bankshares

Several large investors have recently added to or reduced their stakes in NIC. Barclays PLC increased its position in Nicolet Bankshares by 170.7% in the third quarter. Barclays PLC now owns 23,978 shares of the company's stock worth $2,291,000 after buying an additional 15,121 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Nicolet Bankshares during the fourth quarter valued at $128,000. Rhumbline Advisers increased its holdings in shares of Nicolet Bankshares by 1.5% during the fourth quarter. Rhumbline Advisers now owns 19,955 shares of the company's stock valued at $2,093,000 after purchasing an additional 299 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Nicolet Bankshares by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 58,247 shares of the company's stock valued at $6,111,000 after purchasing an additional 950 shares during the period. Finally, Anchor Capital Advisors LLC increased its holdings in shares of Nicolet Bankshares by 0.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company's stock valued at $2,450,000 after purchasing an additional 97 shares during the period. 43.06% of the stock is owned by institutional investors and hedge funds.

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.