JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Robert Bruce Atwell, a director at Nicolet Bankshares (NASDAQ:NCBS) Inc. (NASDAQ:NIC (NASDAQ:EGOV)), a $1.78 billion market cap financial institution with a strong financial health score according to InvestingPro, recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On June 9, Atwell sold 3,126 shares of common stock at a weighted average price of $118.30, amounting to a total value of approximately $369,805. The shares were sold in multiple transactions at prices ranging from $118.00 to $118.91.
In addition to the sale, Atwell also acquired 10,000 shares through the exercise of stock options at a price of $48.85 per share. This transaction was valued at $488,500. Furthermore, Atwell disposed of 6,874 shares at a price of $119.10, totaling $818,693, to cover tax obligations related to the option exercise.
Following these transactions, Atwell holds a direct ownership of 34,220 shares of Nicolet Bankshares.
In other recent news, Nicolet Bankshares has reported significant developments that may interest investors. The company announced an increase in its quarterly cash dividend to $0.32 per share, a 14% rise from its previous dividend. This move reflects Nicolet’s commitment to providing value to its shareholders and suggests confidence in its financial stability. Additionally, the bank reported operating earnings of $2.10 per share, surpassing analysts’ expectations due to strong pre-provision net revenue and substantial loan growth. Keefe, Bruyette & Woods analyst Damon Del Monte responded to these results by raising the price target for Nicolet Bankshares to $118, while maintaining a Market Perform rating. Del Monte highlighted the company’s robust financial performance, noting solid loan growth and stable credit quality. The analyst also anticipates continued strong performance from Nicolet, with expectations of increasing margins and controlled expenses. These recent developments underscore Nicolet Bankshares’ position as a reliable institution in the financial market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.