Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens Sells 4,500 Shares

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $110.90, for a total value of $499,050.00. Following the transaction, the executive vice president now owns 26,674 shares in the company, valued at $2,958,146.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Brad Vincent Hutjens also recently made the following trade(s):

• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The shares were sold at an average price of $112.35, for a total value of $1,011,150.00.
• On Wednesday, November 6th, Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $106.35, for a total value of $1,435,725.00.
• On Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total value of $468,996.00.
• On Friday, October 25th, Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock. The stock was sold at an average price of $102.85, for a total transaction of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.85, for a total transaction of $20,370.00.

Nicolet Bankshares Price Performance

Shares of NIC opened at $111.98 on Thursday. Nicolet Bankshares, Inc. has a twelve month low of $72.70 and a twelve month high of $116.17. The company has a market capitalization of $1.70 billion, a P/E ratio of 14.25 and a beta of 0.75. The firm has a 50 day moving average of $98.90 and a 200 day moving average of $90.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.13. The firm had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. As a group, equities research analysts anticipate that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio (DPR) is 14.25%.

Institutional Trading of Nicolet Bankshares

A number of institutional investors have recently made changes to their positions in NIC. BNP Paribas Financial Markets lifted its position in Nicolet Bankshares by 89.5% during the first quarter. BNP Paribas Financial Markets now owns 6,456 shares of the company’s stock valued at $555,000 after purchasing an additional 3,050 shares during the period. ProShare Advisors LLC bought a new position in shares of Nicolet Bankshares during the 1st quarter valued at $203,000. Blair William & Co. IL purchased a new position in shares of Nicolet Bankshares in the 1st quarter worth $201,000. Vanguard Group Inc. grew its holdings in shares of Nicolet Bankshares by 1.2% in the first quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock worth $60,704,000 after acquiring an additional 8,213 shares during the period. Finally, EntryPoint Capital LLC increased its position in 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 acquiring an additional 543 shares during the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.