Nicolet Bankshares (NIC) Director Atwell Sells $609K of Stock

By TradeTexts Research Desk Oct 27, 2026, 5:01 PM EDT

Key Points

Robert Bruce Atwell, a Director at Nicolet Bankshares, sold 3,556 shares at a price of $171.22 each, totaling approximately $608,858.
After this sale, Atwell holds 34,483 shares, representing a 9.35% decrease in his ownership.
As of October 27, 2026, Nicolet Bankshares traded recently around $172.71, which is above its 50-day and 200-day moving averages.

Since the trade, $NIC is up 1.0% to date (from the $171.41 close on Oct 23, 2026).

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On October 23, 2026, Robert Bruce Atwell, a Director at Nicolet Bankshares, Inc. (NYSE: NIC), sold 3,556 shares for about $608,858. The sale price was $171.22 per share. This transaction was reported in a Form 4 filing with the SEC.

Atwell's sale reduced his ownership by 9.35%, leaving him with 34,483 shares. The sale reflects a strategic decision, as insider trades can signal changes in confidence or strategy within the company.

NIC Nicolet Bankshares, Inc.

$173.19 +44.72% year to date

Daily close · Oct 27, 2026

Other Institutional Activity in Nicolet Bankshares

Westwood Holdings Group Inc. reduced its holdings by 36,066 shares, bringing its total to 450,659 shares worth about $78.0 million. Meanwhile, American Century Companies Inc. added 36,649 shares, increasing its stake to 361,263 shares valued at approximately $62.6 million. Boston Partners also grew its holdings by 5,895 shares, ending with 311,319 shares worth around $53.9 million.

Nicolet Bankshares, Inc. Stock Holds Steady

As of October 27, 2026, Nicolet Bankshares traded recently around $172.71, which is above its 50-day moving average of $168.11 and its 200-day average of $156.17. The stock is currently about 4% below its 52-week high of $180.00 and 51.3% above its low of $114.12.

Recent Earnings

Nicolet Bankshares reported a trailing twelve-month revenue of $580.8 million, with a net margin of 30.3% and a return on equity of 10.2%. The next earnings report is scheduled for January 19, 2027.

Insider Buying and Selling at Nicolet Bankshares, Inc.

Prior to Atwell's recent sale, he sold 2,662 shares on July 24, 2026, for around $453,179 at a price of $170.24 each. Additionally, Officer Eric James Witczak sold 1,557 shares on July 28, 2026, valued at approximately $262,797.

Analysts Set New Price Targets

On October 23, 2026, Stephens & Co. maintained an Equal-Weight rating with a price target of $190.00. Earlier, on October 21, Piper Sandler also maintained an Overweight rating with a target of $196.00. The consensus recommendation for Nicolet Bankshares is a buy, with a mean price target of $194.20 based on five analyst opinions.

About Nicolet Bankshares

Nicolet Bankshares, Inc. is the bank holding company for Nicolet National Bank, providing a range of banking services in Wisconsin, Michigan, and Minnesota. The company focuses on banking products for both businesses and individuals. This insider sale comes at a time when the bank is experiencing significant revenue growth of 69.2% year-over-year.

Bottom Line

Investors should keep an eye on Nicolet Bankshares as it approaches its next earnings date on January 19, 2027. Atwell's recent sale and other insider transactions may indicate shifts in strategy or outlook within the company.