Key Points
- Director Robert Atwell sold 3,575 Nicolet Bankshares shares at an average $172.89, totaling $618,081.75. The sale reduced his direct holdings by 9.39%, to 34,483 shares.
- Nicolet reported quarterly EPS of $3.15, above the $3.07 consensus, and revenue of $174.43 million, also exceeding expectations.
- The company declared a quarterly dividend of $0.36 per share, equivalent to an annualized yield of about 0.8%; analysts’ consensus rating is “Moderate Buy,” with a $184.80 average price target.
Nicolet Bankshares Inc. (NYSE:NIC - Get Free Report) Director Robert Atwell sold 3,575 shares of the stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $172.89, for a total transaction of $618,081.75. Following the completion of the sale, the director directly owned 34,483 shares in the company, valued at $5,961,765.87. This trade represents a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Robert Bruce Atwell also recently made the following trade(s):
- On Friday, October 23rd, Robert Atwell sold 3,556 shares of Nicolet Bankshares stock. The stock was sold at an average price of $171.22, for a total transaction of $608,858.32.
Nicolet Bankshares Stock Up 1.8%
Shares of NYSE NIC opened at $176.16 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $3.66 billion, a P/E ratio of 19.49 and a beta of 0.67. Nicolet Bankshares Inc. has a 1 year low of $118.33 and a 1 year high of $180.00. The firm has a 50-day simple moving average of $168.18 and a two-hundred day simple moving average of $158.14.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its earnings results on Tuesday, October 20th. The company reported $3.15 EPS for the quarter, beating analysts' consensus estimates of $3.07 by $0.08. The firm had revenue of $174.43 million for the quarter, compared to analysts' expectations of $173.64 million. Nicolet Bankshares had a return on equity of 11.27% and a net margin of 22.11%. Research analysts anticipate that Nicolet Bankshares Inc. will post 12.10 earnings per share for the current year.
Nicolet Bankshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 1st. Nicolet Bankshares's dividend payout ratio (DPR) is currently 15.93%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on NIC shares. Stephens boosted their price objective on Nicolet Bankshares from $185.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, October 23rd. Piper Sandler increased their target price on Nicolet Bankshares from $194.00 to $196.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Weiss Ratings upgraded Nicolet Bankshares from a "buy (a)" rating to a "buy (a+)" rating in a research report on Wednesday, November 4th. Finally, Keefe, Bruyette & Woods lifted their target price on Nicolet Bankshares from $175.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $184.80.
View Our Latest Analysis on Nicolet Bankshares
Hedge Funds Weigh In On Nicolet Bankshares
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Nicolet Bankshares by 86.3% in the 2nd quarter. BlackRock Inc. now owns 3,027,246 shares of the company's stock worth $500,676,000 after acquiring an additional 1,402,419 shares in the last quarter. State Street Corp raised its stake in shares of Nicolet Bankshares by 65.1% during the second quarter. State Street Corp now owns 1,174,560 shares of the company's stock valued at $194,244,000 after acquiring an additional 463,199 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Nicolet Bankshares during the first quarter valued at approximately $31,794,000. Dimensional Fund Advisors LP boosted its holdings in shares of Nicolet Bankshares by 32.1% in the first quarter. Dimensional Fund Advisors LP now owns 819,274 shares of the company's stock valued at $121,756,000 after purchasing an additional 198,997 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Nicolet Bankshares in the second quarter valued at approximately $30,896,000. 43.06% of the stock is currently owned by institutional investors.
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