Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $663,080.04 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 5,838 shares of Nicolet Bankshares stock in a transaction on Monday, November 25th. The shares were sold at an average price of $113.58, for a total transaction of $663,080.04. Following the completion of the sale, the executive vice president now owns 29,593 shares of the company’s stock, valued at $3,361,172.94. This represents a 16.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, November 22nd, Brad Vincent Hutjens sold 1,516 shares of Nicolet Bankshares stock. The shares were sold at an average price of $112.85, for a total transaction of $171,080.60.
• On Wednesday, November 13th, Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock. The shares were sold at an average price of $115.30, for a total transaction of $691,800.00.
• On Friday, November 8th, Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.90, for a total transaction of $499,050.00.
• 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 transaction of $1,011,150.00.
• On Wednesday, November 6th, Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock. The shares were sold at an average price of $106.35, for a total transaction 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 transaction of $468,996.00.
• On Friday, October 25th, Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock. The shares were 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 Stock Performance

NYSE NIC traded up $1.30 during trading on Tuesday, hitting $113.53. 13,015 shares of the company’s stock traded hands, compared to its average volume of 43,188. Nicolet Bankshares, Inc. has a 12-month low of $72.70 and a 12-month high of $116.17. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 14.28 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50 day moving average of $101.77 and a 200-day moving average of $92.73.

Nicolet Bankshares (NYSE:NIC) last announced its earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The business had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 0.99%. Nicolet Bankshares’s payout ratio is presently 14.25%.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upped 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $106.00.

Institutional Investors Weigh In On Nicolet Bankshares

Several hedge funds have recently bought and sold shares of NIC. Janus Henderson Group PLC lifted its position in Nicolet Bankshares by 2,480.2% during the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock valued at $14,094,000 after purchasing an additional 157,566 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Nicolet Bankshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock valued at $48,783,000 after purchasing an additional 16,952 shares during the last quarter. Barclays PLC lifted its position in Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after purchasing an additional 15,121 shares during the last quarter. State Street Corp raised its stake in shares of Nicolet Bankshares by 3.7% during the third quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after acquiring an additional 13,772 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Nicolet Bankshares by 1.2% during 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 in the last quarter. 43.06% of the stock is currently owned by institutional investors.

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.