Brad Vincent Hutjens Sells 1,079 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 1,079 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $102.85, for a total transaction of $110,975.15. Following the completion of the sale, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at $2,743,420.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The shares were sold at an average price of $101.85, for a total transaction of $20,370.00.

Nicolet Bankshares Stock Performance

NIC opened at $102.69 on Wednesday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 13.06 and a beta of 0.76. Nicolet Bankshares, Inc. has a fifty-two week low of $70.20 and a fifty-two week high of $105.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 0.96. The company has a fifty day moving average of $96.84 and a 200 day moving average of $88.76.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a $0.28 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.09%. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Hedge Funds Weigh In On Nicolet Bankshares

Several institutional investors have recently added to or reduced their stakes in NIC. Dimensional Fund Advisors LP raised its holdings in shares of Nicolet Bankshares by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after acquiring an additional 16,952 shares in the last quarter. Janus Henderson Group PLC increased its position in Nicolet Bankshares by 2,480.2% in the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after purchasing an additional 157,566 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Nicolet Bankshares by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock valued at $5,479,000 after purchasing an additional 4,007 shares in the last quarter. Principal Financial Group Inc. lifted its position in Nicolet Bankshares by 9.9% during the second quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after purchasing an additional 555 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Nicolet Bankshares by 0.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock worth $3,783,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Piper Sandler raised their price objective on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Stephens raised their price target on Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Finally, Maxim Group upped their price objective 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $106.00.

About Nicolet Bankshares

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.