Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 3,126 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $118.30, for a total transaction of $369,805.80. Following the completion of the sale, the director now owns 34,220 shares in the company, valued at $4,048,226. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 shares were sold at an average price of $123.42, for a total value 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 Performance
Nicolet Bankshares stock traded down $1.28 during midday trading on Wednesday, reaching $119.31. 49,913 shares of the company's stock were exchanged, compared to its average volume of 56,808. 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's 50-day simple moving average is $116.13 and its 200 day simple moving average is $112.99. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 14.86 and a beta of 0.76. Nicolet Bankshares, Inc. has a 52 week low of $76.01 and a 52 week high of $125.50.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. The business had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. On average, analysts expect that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.
Nicolet Bankshares Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.32 per share. This is a boost from Nicolet Bankshares's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.28 annualized dividend and a yield of 1.07%. Nicolet Bankshares's dividend payout ratio (DPR) is presently 15.44%.
Analyst Ratings Changes
Several research analysts have weighed in on NIC shares. Keefe, Bruyette & Woods upped 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 target price on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th.
Check Out Our Latest Research Report on Nicolet Bankshares
Institutional Trading of Nicolet Bankshares
A number of institutional investors have recently bought and sold shares of NIC. Sterling Capital Management LLC lifted its holdings in shares of Nicolet Bankshares by 748.7% during the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after acquiring an additional 292 shares during the period. Point72 Asset Management L.P. bought a new stake in Nicolet Bankshares during the 4th quarter worth approximately $61,000. KBC Group NV acquired a new stake in Nicolet Bankshares in the first quarter valued at $95,000. New York State Teachers Retirement System bought a new position in shares of Nicolet Bankshares during the fourth quarter worth about $128,000. Finally, Summit Investment Advisors Inc. lifted its position in shares of Nicolet Bankshares by 11.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock worth $148,000 after purchasing an additional 140 shares during the period. Institutional investors own 43.06% of the company's stock.
About Nicolet Bankshares
(
Get Free Report)
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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