Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $395,931.36 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 3,208 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $123.42, for a total transaction of $395,931.36. Following the transaction, the director now owns 34,220 shares in the company, valued at approximately $4,223,432.40. The trade was a 8.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 shares were sold at an average price of $115.85, for a total transaction of $717,343.20.

Nicolet Bankshares Stock Down 0.8%

NYSE:NIC traded down $0.98 on Thursday, hitting $115.79. The stock had a trading volume of 81,562 shares, compared to its average volume of 65,727. Nicolet Bankshares, Inc. has a 1 year low of $76.01 and a 1 year high of $125.50. The firm's fifty day simple moving average is $115.32 and its two-hundred day simple moving average is $112.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $1.75 billion, a P/E ratio of 14.42 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $70.08 million. Analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid 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 dividend yield of 1.11%. Nicolet Bankshares's payout ratio is presently 15.44%.

Institutional Investors Weigh In On Nicolet Bankshares

Several institutional investors have recently added to or reduced their stakes in NIC. Boston Partners purchased a new stake in shares of Nicolet Bankshares during the first quarter worth $15,303,000. Nicolet Bankshares Inc. lifted its stake in Nicolet Bankshares by 5.5% in the 1st quarter. Nicolet Bankshares Inc. now owns 888,335 shares of the company's stock worth $96,793,000 after purchasing an additional 45,950 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Nicolet Bankshares by 132.8% during the 4th quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company's stock valued at $8,014,000 after purchasing an additional 43,567 shares in the last quarter. Nuveen LLC bought a new position in shares of Nicolet Bankshares in the first quarter worth $3,754,000. Finally, Renaissance Technologies LLC bought a new position in shares of Nicolet Bankshares in the fourth quarter worth $2,474,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on NIC shares. Keefe, Bruyette & Woods increased 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. Piper Sandler lowered their price target on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th.

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.