Robert Bruce Atwell Sells 7,609 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 7,609 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total transaction of $859,817.00. Following the completion of the sale, the director now directly owns 32,831 shares of the company’s stock, valued at approximately $3,709,903. This represents a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total value of $389,398.00.
• On Thursday, November 7th, Robert Bruce Atwell sold 14 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.00, for a total value of $1,540.00.
• On Wednesday, October 30th, Robert Bruce Atwell sold 14,171 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.00, for a total value of $1,459,613.00.
• On Monday, October 28th, Robert Bruce Atwell sold 2,721 shares of Nicolet Bankshares stock. The shares were sold at an average price of $103.00, for a total value of $280,263.00.
• On Tuesday, October 22nd, Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.01, for a total transaction of $252,525.00.
• On Friday, October 18th, Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock. The shares were sold at an average price of $103.22, for a total transaction of $300,163.76.

Nicolet Bankshares Stock Down 1.8 %

Shares of Nicolet Bankshares stock opened at $112.46 on Friday. The company has a 50-day simple moving average of $106.25 and a two-hundred day simple moving average of $95.31. The stock has a market capitalization of $1.71 billion, a PE ratio of 14.31 and a beta of 0.76. Nicolet Bankshares, Inc. has a 52-week low of $73.00 and a 52-week high of $116.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. The company had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. On average, analysts anticipate that Nicolet Bankshares, Inc. will post 7.61 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, December 2nd. Nicolet Bankshares’s payout ratio is currently 14.25%.

Wall Street Analyst Weigh In

NIC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Maxim Group upped their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nicolet Bankshares currently has an average rating of “Hold” and an average price target of $112.00.

Institutional Investors Weigh In On Nicolet Bankshares

Several institutional investors have recently modified their holdings of NIC. Wealth Enhancement Advisory Services LLC lifted its stake in Nicolet Bankshares by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock valued at $3,783,000 after acquiring an additional 192 shares during the period. Bank of New York Mellon Corp lifted its position in Nicolet Bankshares by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock valued at $5,479,000 after purchasing an additional 4,007 shares during the period. Principal Financial Group Inc. boosted its holdings in Nicolet Bankshares by 9.9% in the second quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock worth $512,000 after purchasing an additional 555 shares during the last quarter. Rothschild Investment LLC bought a new stake in Nicolet Bankshares in the 2nd quarter worth approximately $67,000. Finally, Anchor Capital Advisors LLC raised its stake in Nicolet Bankshares by 7.1% during the 2nd quarter. Anchor Capital Advisors LLC now owns 23,496 shares of the company’s stock valued at $1,951,000 after buying an additional 1,560 shares during the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

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.