Nicolet Bankshares Inc. (NYSE:NIC - Get Free Report) EVP Eric James Witczak sold 5,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $139.77, for a total transaction of $698,850.00. Following the sale, the executive vice president directly owned 28,901 shares of the company's stock, valued at $4,039,492.77. This represents a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Nicolet Bankshares Stock Up 0.2%
Shares of NIC traded up $0.32 on Friday, hitting $133.25. The company's stock had a trading volume of 68,879 shares, compared to its average volume of 120,142. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.30 and a beta of 0.76. The firm's fifty day moving average price is $125.25 and its 200-day moving average price is $117.15. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. Nicolet Bankshares Inc. has a fifty-two week low of $85.68 and a fifty-two week high of $141.92.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.21. Nicolet Bankshares had a return on equity of 11.53% and a net margin of 25.12%. The company had revenue of $95.74 million for the quarter, compared to analysts' expectations of $72.89 million. On average, equities research analysts expect that Nicolet Bankshares Inc. will post 8.18 EPS for the current year.
Nicolet Bankshares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. This is a positive change 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 currently 14.70%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position in Nicolet Bankshares by 748.7% in the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock valued at $35,000 after acquiring an additional 292 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Nicolet Bankshares in the fourth quarter valued at about $61,000. KBC Group NV bought a new position in Nicolet Bankshares in the first quarter valued at about $95,000. Summit Investment Advisors Inc. grew its position in Nicolet Bankshares by 11.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock valued at $148,000 after acquiring an additional 140 shares during the last quarter. Finally, Smith Group Asset Management LLC bought a new position in Nicolet Bankshares in the first quarter valued at about $210,000. 43.06% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Nicolet Bankshares from $118.00 to $135.00 and gave the stock a "market perform" rating in a report on Thursday, July 17th. Piper Sandler boosted their target price on shares of Nicolet Bankshares from $122.50 to $140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Maxim Group raised their target price on Nicolet Bankshares from $131.00 to $161.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen raised Nicolet Bankshares from a "sell" rating to a "hold" rating in a report on Friday, July 18th.
Check Out Our Latest Report on NIC
About Nicolet Bankshares
(
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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.
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