Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $990,000.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 10,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $99.00, for a total value of $990,000.00. Following the sale, the executive vice president now owns 26,642 shares of the company’s stock, valued at $2,637,558. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Nicolet Bankshares Price Performance

Shares of NYSE NIC opened at $100.38 on Thursday. Nicolet Bankshares, Inc. has a 1-year low of $63.58 and a 1-year high of $104.10. The business has a 50-day moving average of $83.18 and a 200-day moving average of $81.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 15.47 and a beta of 0.77.

Nicolet Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were given a $0.28 dividend. This is an increase from Nicolet Bankshares’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, June 3rd. This represents a $1.12 annualized dividend and a dividend yield of 1.12%. Nicolet Bankshares’s dividend payout ratio is presently 17.26%.

Analyst Upgrades and Downgrades

Several brokerages have commented on NIC. Piper Sandler upped their price target on Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods upped their price target on Nicolet Bankshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. Finally, Stephens upped their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.00.

Institutional Investors Weigh In On Nicolet Bankshares

Several institutional investors and hedge funds have recently modified their holdings of NIC. EntryPoint Capital LLC boosted its holdings in Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after purchasing an additional 543 shares during the last quarter. Blair William & Co. IL purchased a new position in Nicolet Bankshares in the first quarter valued at about $201,000. ProShare Advisors LLC purchased a new position in Nicolet Bankshares in the first quarter valued at about $203,000. SG Americas Securities LLC purchased a new position in Nicolet Bankshares in the fourth quarter valued at about $238,000. Finally, Merit Financial Group LLC boosted its holdings in Nicolet Bankshares by 8.0% in the fourth quarter. Merit Financial Group LLC now owns 3,331 shares of the company’s stock valued at $268,000 after purchasing an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

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.