Key Points
- Director Robert Bruce Atwell sold 3,331 shares on March 5 at an average price of $150.67 for about $501,882, trimming his position by 8.91% to 34,054 shares; he also sold 6,396 shares on Feb. 18.
- Nicolet reported a strong quarter, beating EPS estimates ($2.73 vs. $2.55) and revenue expectations ($103.99M vs. $79.67M), and several analysts have raised price targets — consensus rating is "Buy" with an average target of $179.50.
- The firm declared a quarterly dividend of $0.32 (annualized $1.28, yield ~0.9%), with record date March 2 and payment on March 16.
Nicolet Bankshares Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 3,331 shares of the firm's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $150.67, for a total value of $501,881.77. Following the transaction, the director owned 34,054 shares of the company's stock, valued at approximately $5,130,916.18. The trade was a 8.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Robert Bruce Atwell also recently made the following trade(s):
- On Wednesday, February 18th, Robert Bruce Atwell sold 6,396 shares of Nicolet Bankshares stock. The stock was sold at an average price of $155.47, for a total value of $994,386.12.
Nicolet Bankshares Price Performance
NYSE:NIC opened at $150.42 on Tuesday. The business's 50-day moving average is $143.40 and its 200 day moving average is $134.14. Nicolet Bankshares Inc. has a 12 month low of $97.90 and a 12 month high of $163.11. The company has a market capitalization of $2.23 billion, a P/E ratio of 15.35 and a beta of 0.77. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings data on Tuesday, January 20th. The company reported $2.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.18. The business had revenue of $103.99 million for the quarter, compared to the consensus estimate of $79.67 million. Nicolet Bankshares had a return on equity of 12.49% and a net margin of 26.98%. On average, equities research analysts forecast that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current fiscal year.
Nicolet Bankshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. Nicolet Bankshares's payout ratio is currently 13.06%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Nicolet Bankshares from $165.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, January 22nd. Maxim Group boosted their target price on shares of Nicolet Bankshares from $161.00 to $173.00 and gave the stock a "buy" rating in a report on Thursday, January 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Nicolet Bankshares in a research report on Thursday, January 22nd. Piper Sandler raised shares of Nicolet Bankshares from a "neutral" rating to an "overweight" rating and increased their price target for the company from $148.00 to $185.00 in a report on Thursday, February 19th. Finally, Zacks Research upgraded Nicolet Bankshares from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $179.50.
Read Our Latest Analysis on NIC
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in Nicolet Bankshares by 3,940.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company's stock worth $25,000 after purchasing an additional 197 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Nicolet Bankshares in the 3rd quarter worth $43,000. Meeder Asset Management Inc. bought a new position in shares of Nicolet Bankshares during the 4th quarter worth $48,000. Clearstead Advisors LLC grew its position in shares of Nicolet Bankshares by 192.9% during the 4th quarter. Clearstead Advisors LLC now owns 451 shares of the company's stock worth $55,000 after buying an additional 297 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Nicolet Bankshares by 45.1% during the third quarter. Parkside Financial Bank & Trust now owns 589 shares of the company's stock valued at $79,000 after buying an additional 183 shares during the period. Institutional investors own 43.06% of the company's stock.
About Nicolet Bankshares
(
Get Free Report)
Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company's branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.
The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.
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