Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell Sells 3,102 Shares

26 Feb 2025, 22:58 by Sarita Garza · The Markets Daily

Nicolet Bankshares, Inc. (NYSE:NIC – Get Free Report) Director Robert Bruce Atwell sold 3,102 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $117.65, for a total value of $364,950.30. Following the transaction, the director now directly owns 33,816 shares in the company, valued at approximately $3,978,452.40. This represents a 8.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Robert Bruce Atwell also recently made the following trade(s):

On Wednesday, February 12th, Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00.
On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.05, for a total value of $16,507.50.
On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total value of $859,817.00.
On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total value of $1,010,785.00.
On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $389,398.00.

Nicolet Bankshares Stock Down 0.4 %

NYSE:NIC traded down $0.46 during mid-day trading on Wednesday, reaching $117.42. The company’s stock had a trading volume of 51,768 shares, compared to its average volume of 50,205. 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, Inc. has a 1 year low of $75.24 and a 1 year high of $120.25. The stock has a fifty day moving average of $110.09 and a 200-day moving average of $104.52. The firm has a market capitalization of $1.79 billion, a PE ratio of 14.62 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC – Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Equities research analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.95%. Nicolet Bankshares’s dividend payout ratio is presently 13.95%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Maxim Group lifted their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Piper Sandler lifted their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $119.00.

Read Our Latest Stock Analysis on Nicolet Bankshares

Institutional Investors Weigh In On Nicolet Bankshares

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in Nicolet Bankshares by 132.8% in the fourth quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company’s stock valued at $8,014,000 after purchasing an additional 43,567 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Nicolet Bankshares in the 4th quarter valued at about $2,474,000. Dimensional Fund Advisors LP grew its position in shares of Nicolet Bankshares by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company’s stock worth $67,325,000 after buying an additional 21,819 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $1,898,000. Finally, Teacher Retirement System of Texas lifted its position in Nicolet Bankshares by 284.8% during the fourth quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company’s stock valued at $2,312,000 after acquiring an additional 16,308 shares during the last quarter. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

About Nicolet Bankshares

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