Nicolet Bankshares, Inc. (NYSE:NIC – Get Free Report) EVP Brad Vincent Hutjens sold 200 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $101.85, for a total transaction of $20,370.00. Following the completion of the sale, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $2,716,746.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Nicolet Bankshares Trading Down 2.9 %
Shares of NIC opened at $99.83 on Friday. The firm’s 50 day simple moving average is $96.45 and its 200 day simple moving average is $88.31. The company has a market capitalization of $1.49 billion, a P/E ratio of 12.70 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares, Inc. has a 1-year low of $66.71 and a 1-year high of $105.00.
Nicolet Bankshares Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s payout ratio is currently 14.25%.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on NIC. Maxim Group increased their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Stephens raised their target price on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, Piper Sandler raised their target price on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $106.00.
View Our Latest Report on Nicolet Bankshares
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.
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