TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Robert Bruce Atwell, a director at Nicolet Bankshares (NASDAQ:NCBS) Inc. (NASDAQ:NIC (NASDAQ:EGOV)), recently reported transactions involving the company’s common stock. On May 30, 2025, Atwell sold a total of 3,208 shares, generating approximately $395,934. The sales were executed at prices ranging from $123.23 to $123.88 per share, near the stock’s 52-week high of $125.50. The $1.82 billion market cap company has demonstrated strong momentum, delivering a 54% return over the past year.
Additionally, Atwell exercised stock options to acquire 10,000 shares at a price of $48.85 each, amounting to $488,500. Furthermore, 6,792 shares were disposed of to cover tax obligations at a price of $123.80 per share, totaling $840,849.
Following these transactions, Atwell’s direct ownership stands at 34,220 shares, with an additional 339.868 shares held indirectly through a deferred compensation plan for non-employee directors.
In other recent news, Nicolet Bankshares has reported noteworthy financial results, surpassing analysts’ expectations with operating earnings of $2.10 per share. This performance was driven by strong pre-provision net revenue, substantial loan growth, and a consistent margin, which collectively boosted net interest income. Additionally, Nicolet Bankshares announced a 14% increase in its quarterly cash dividend to $0.32 per share, reflecting its commitment to shareholder value and confidence in its financial stability. Keefe, Bruyette & Woods analyst Damon Del Monte raised the company’s price target to $118 from $115, maintaining a Market Perform rating, citing the bank’s exceptional financial performance. Del Monte noted the company’s solid loan growth and strong credit quality, with commercial and industrial loans growing by 15% on a linked quarter annualized basis. The analyst also highlighted controlled expenses and stable credit trends as positive indicators for the bank’s future. Nicolet Bankshares’ recent developments position it as a reliable institution in the financial market. The dividend increase and analyst’s positive outlook underscore the bank’s steady profitability and growth potential.
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