Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens Sells 200 Shares

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $101.85, for a total transaction of $20,370.00. Following the transaction, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at $2,716,746.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Nicolet Bankshares Trading Up 1.0 %

NYSE:NIC opened at $102.83 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 13.08 and a beta of 0.76. The firm has a fifty day simple moving average of $96.01 and a two-hundred day simple moving average of $88.09. Nicolet Bankshares, Inc. has a 12 month low of $63.58 and a 12 month high of $105.00.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s payout ratio is 14.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Maxim Group lifted their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Stephens lifted their target price on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $106.00.

Institutional Investors Weigh In On Nicolet Bankshares

Large investors have recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in Nicolet Bankshares in the second quarter worth $67,000. EntryPoint Capital LLC grew its holdings in shares of Nicolet Bankshares by 97.3% during the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after buying an additional 543 shares during the last quarter. Blair William & Co. IL acquired a new position in shares of Nicolet Bankshares during the first quarter valued at about $201,000. ProShare Advisors LLC acquired a new position in shares of Nicolet Bankshares during the first quarter valued at about $203,000. Finally, SG Americas Securities LLC acquired a new position in shares of Nicolet Bankshares during the third quarter valued at about $412,000. 43.06% of the stock is currently owned by institutional investors and hedge funds.

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.