GREEN BAY, WI—Robert Bruce Atwell, a director at Nicolet Bankshares (NASDAQ:NCBS) Inc. (NASDAQ:NIC (NASDAQ:EGOV)), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On November 7, Atwell sold 14 shares of Nicolet Bankshares common stock at a price of $110.00 each, totaling $1,540.
Additionally, Atwell acquired 14 shares through stock options at an exercise price of $48.85 per share, adding $683 to his portfolio. Following these transactions, Atwell holds 33,315 shares directly, as well as additional holdings through indirect ownership.
These transactions provide insight into Atwell's current holdings and trading activities within the company. Nicolet Bankshares, based in Green Bay, Wisconsin, operates as a national commercial bank.
In other recent news, Nicolet Bankshares reported strong third-quarter earnings per share (EPS) of $1.98, exceeding the consensus estimate of $1.86. This robust performance was primarily attributed to a wider net interest margin and very strong credit quality. Following these results, Maxim (NASDAQ:MXIM) Group raised its price target for Nicolet Bankshares to $124, maintaining a Buy rating. The firm also revised its 2025 GAAP EPS estimate for Nicolet Bankshares upward to $8.60 from the previous estimate of $8.50.
In addition to these financial highlights, Nicolet Bankshares has demonstrated a significant recovery in deposit trends and a 14% year-over-year increase in Wealth Management fees. The company also increased its dividend by 12% to $0.28 per share. Analysts from Stephens and Piper Sandler also revised their price targets for Nicolet Bankshares, maintaining their Equal Weight and Neutral ratings respectively. These are some of the recent developments at Nicolet Bankshares.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on Nicolet Bankshares' financial position and market performance, providing context to Robert Bruce Atwell's recent stock transactions.
The company's stock has shown strong momentum, with InvestingPro data revealing a significant 18.46% price return over the past month and an impressive 35.44% return over the last six months. This upward trend aligns with two InvestingPro Tips: "Significant return over the last week" and "Strong return over the last three months," suggesting that Atwell's transactions occurred during a period of positive stock performance.
Nicolet Bankshares' financial health appears robust, with a P/E ratio of 12.8, indicating that the stock may be undervalued relative to its earnings. This is further supported by an InvestingPro Tip stating that the company is "Trading at a low P/E ratio relative to near-term earnings growth." The bank's profitability is also noteworthy, with an operating income margin of 46.8% for the last twelve months as of Q3 2024.
For investors seeking more comprehensive analysis, InvestingPro offers 10 additional tips for Nicolet Bankshares, providing deeper insights into the company's financial outlook and market position.
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