Brad Vincent Hutjens Sells 1,516 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 1,516 shares of Nicolet Bankshares stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.85, for a total transaction of $171,080.60. Following the transaction, the executive vice president now owns 29,593 shares of the company’s stock, valued at approximately $3,339,570.05. The trade was a 4.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, November 25th, Brad Vincent Hutjens sold 5,838 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.58, for a total value of $663,080.04.
• On Wednesday, November 13th, Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock. The stock was sold at an average price of $115.30, for a total value 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 value of $499,050.00.
• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The stock was 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 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 stock was 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 Price Performance

NIC opened at $113.49 on Thursday. Nicolet Bankshares, Inc. has a 1 year low of $72.70 and a 1 year high of $116.17. The company’s 50 day simple moving average is $102.40 and its 200 day simple moving average is $93.09. The stock has a market capitalization of $1.73 billion, a PE ratio of 14.44 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.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.13. The company had revenue of $91.24 million for 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%. As a group, sell-side analysts expect that Nicolet Bankshares, Inc. will post 7.74 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid 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 dividend payout ratio is presently 14.25%.

Hedge Funds Weigh In On Nicolet Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in Nicolet Bankshares in the third quarter valued at approximately $264,000. Geode Capital Management LLC raised its stake in shares of Nicolet Bankshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock valued at $29,019,000 after acquiring an additional 4,911 shares during the period. Barclays PLC raised its stake in shares of Nicolet Bankshares by 170.7% in the 3rd quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after acquiring an additional 15,121 shares during the period. State Street Corp boosted its position in Nicolet Bankshares by 3.7% during the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after purchasing an additional 13,772 shares during the period. Finally, PDT Partners LLC acquired a new stake in Nicolet Bankshares in the 3rd quarter valued at $412,000. 43.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Maxim Group increased 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 stock. Based on data from MarketBeat, the stock presently 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.