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Robert Atwell, a director at Nicolet Bankshares (NASDAQ:NCBS) Inc. (NASDAQ:NIC (NASDAQ:EGOV)), recently sold shares in the company valued at approximately $469,368. The sale, executed on February 12, 2025, involved 3,975 shares at an average price of $118.08 each. The transaction comes as the $1.81 billion market cap company trades near its 52-week high of $118.84, having delivered an impressive 61% return over the past year. This transaction was part of a series of activities on the same day, which also included the exercise of stock options and other transactions.
Atwell’s activity included acquiring 10,000 shares through stock option exercises at a price of $48.85 per share, amounting to a total transaction value of $977,000. Additionally, two transactions were recorded as involving shares withheld for tax purposes, totaling $1,482,827 at a price of $118.38 per share. Trading at a P/E ratio of 13.7, InvestingPro analysis suggests the stock may be slightly undervalued relative to its Fair Value.
Following these transactions, Atwell holds 30,317 shares directly, with an additional 296.782 shares held indirectly through a deferred compensation plan. The transactions were documented in a Form 4 filing submitted to the Securities and Exchange Commission. Want deeper insights into insider trading patterns and 10+ additional ProTips? Discover more with InvestingPro.
In other recent news, Nicolet Bankshares has been the focus of several analyst revisions following its strong financial performance. Keefe, Bruyette & Woods elevated their price target to $115, citing Nicolet’s robust revenue growth and favorable credit trends. Concurrently, Maxim Group increased their target to $131, attributing this to the bank’s impressive earnings that exceeded expectations and an anticipated wider net interest margin.
Piper Sandler also revised their target to $120, highlighting Nicolet’s strong return on assets and return on tangible common equity. These recent developments underscore Nicolet Bankshares’ operational strength and potential for continued growth. The analysts’ revisions reflect their confidence in the bank’s financial health, strategic acquisitions, and ability to drive organic growth.
Analysts from these firms anticipate Nicolet Bankshares’ margin benefits, consistent loan growth, and stable credit trends to continue. They also expect the bank’s strong financial track record to persist, attributing this to Nicolet’s history of accretive acquisitions and superior profitability profile. These are the recent developments regarding Nicolet Bankshares as reported by various financial analysts.
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