Robert Bruce Atwell Sells 6,904 Shares of Nicolet Bankshares Inc. (NYSE:NIC) Stock

Nicolet Bankshares Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 6,904 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $139.47, for a total transaction of $962,900.88. Following the completion of the transaction, the director owned 34,220 shares of the company's stock, valued at approximately $4,772,663.40. The trade was a 16.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, June 9th, Robert Bruce Atwell sold 3,126 shares of Nicolet Bankshares stock. The shares were sold at an average price of $118.30, for a total transaction of $369,805.80.
• On Friday, May 30th, Robert Bruce Atwell sold 3,208 shares of Nicolet Bankshares stock. The shares were sold at an average price of $123.42, for a total transaction of $395,931.36.
• 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 Price Performance

NYSE NIC traded up $0.32 during trading hours on Friday, reaching $133.25. The company's stock had a trading volume of 68,879 shares, compared to its average volume of 120,142. The stock has a market cap of $2.01 billion, a PE ratio of 15.30 and a beta of 0.76. Nicolet Bankshares Inc. has a fifty-two week low of $85.68 and a fifty-two week high of $141.92. The company's 50-day moving average is $125.25 and its two-hundred day moving average is $117.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 0.97.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.21. The firm had revenue of $95.74 million for the quarter, compared to analysts' expectations of $72.89 million. Nicolet Bankshares had a net margin of 25.12% and a return on equity of 11.53%. Analysts forecast that Nicolet Bankshares Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. This is a boost from Nicolet Bankshares's previous quarterly dividend of $0.28. The ex-dividend date was Monday, June 2nd. Nicolet Bankshares's dividend payout ratio is presently 14.70%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Nicolet Bankshares from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $118.00 to $135.00 and gave the company a "market perform" rating in a research note on Thursday, July 17th. Piper Sandler increased their price objective on Nicolet Bankshares from $122.50 to $140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, Maxim Group raised their target price on Nicolet Bankshares from $131.00 to $161.00 and gave the company a "buy" rating in a report on Thursday, July 17th.

Institutional Investors Weigh In On Nicolet Bankshares

A number of large investors have recently added to or reduced their stakes in the business. Swiss National Bank raised its position in shares of Nicolet Bankshares by 1.5% in the fourth quarter. Swiss National Bank now owns 26,600 shares of the company's stock valued at $2,791,000 after buying an additional 400 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Nicolet Bankshares in the fourth quarter valued at approximately $533,000. Teacher Retirement System of Texas raised its position in shares of Nicolet Bankshares by 284.8% in the fourth quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company's stock valued at $2,312,000 after buying an additional 16,308 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Nicolet Bankshares by 30.7% in the fourth quarter. Quantbot Technologies LP now owns 2,116 shares of the company's stock valued at $222,000 after buying an additional 497 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Nicolet Bankshares by 10.4% in the fourth quarter. American Century Companies Inc. now owns 31,576 shares of the company's stock valued at $3,313,000 after buying an additional 2,984 shares during the last quarter. 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.