Robert Bruce Atwell Sells 3,126 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 3,126 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $118.30, for a total value of $369,805.80. Following the completion of the transaction, the director now owns 34,220 shares in the company, valued at approximately $4,048,226. This represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, May 30th, Robert Bruce Atwell sold 3,208 shares of Nicolet Bankshares stock. The stock was 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 stock was sold at an average price of $115.85, for a total value of $717,343.20.

Nicolet Bankshares Stock Down 1.7%

Shares of NIC stock traded down $1.97 during trading hours on Friday, hitting $116.87. 75,923 shares of the company were exchanged, compared to its average volume of 56,981. Nicolet Bankshares, Inc. has a 52 week low of $77.23 and a 52 week high of $125.50. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $116.83 and a two-hundred day moving average of $113.08. The company has a market capitalization of $1.76 billion, a PE ratio of 14.55 and a beta of 0.76.

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

Nicolet Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase from Nicolet Bankshares's previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.10%. Nicolet Bankshares's dividend payout ratio (DPR) is 15.44%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NIC. Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a research note on Thursday, April 17th. Piper Sandler decreased their price objective on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th.

Institutional Trading of Nicolet Bankshares

Institutional investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Nicolet Bankshares by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,778 shares of the company's stock worth $3,245,000 after buying an additional 1,922 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Nicolet Bankshares by 6.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,134 shares of the company's stock valued at $886,000 after purchasing an additional 517 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Nicolet Bankshares during the 1st quarter worth approximately $1,434,000. AQR Capital Management LLC raised its stake in shares of Nicolet Bankshares by 15.2% during the 1st quarter. AQR Capital Management LLC now owns 11,819 shares of the company's stock worth $1,288,000 after purchasing an additional 1,557 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Nicolet Bankshares by 150.8% in the first quarter. Royal Bank of Canada now owns 13,987 shares of the company's stock valued at $1,524,000 after buying an additional 8,410 shares in the last quarter. Institutional investors own 43.06% of the company's stock.

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.