Nicolet Bankshares Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSE:NIC Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
22 Oct 24	SellUS$252,520	Robert Atwell	Individual	2,500	US$101.07
22 Jul 24	SellUS$487,275	Susan Merkatoris	Individual	5,000	US$98.00
19 Jul 24	SellUS$488,669	Robert Atwell	Individual	5,000	US$98.20
19 Jul 24	SellUS$1,457,639	Eric Witczak	Individual	15,000	US$98.40
11 Jun 24	SellUS$76,700	Susan Merkatoris	Individual	1,000	US$76.70
07 Jun 24	SellUS$474	Susan Merkatoris	Individual	6	US$79.05
06 Jun 24	SellUS$237,074	Susan Merkatoris	Individual	3,000	US$79.03
12 Mar 24	SellUS$176,141	Robert Atwell	Individual	2,150	US$81.93

Insider Trading Volume

Insider Buying: NIC insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of NIC?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,714,727	11.3%
General Public	6,450,209	42.6%
Institutions	6,992,480	46.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.

Top Shareholders

Top 25 shareholders own 48.81% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.09%	BlackRock, Inc.	1,075,073	US$114.0m	5.49%	no data
5.74%	Nicolet Bankshares Inc, Asset Management Arm	869,752	US$92.2m	-1.73%	18.42%
4.88%	The Vanguard Group, Inc.	739,099	US$78.4m	2.56%	no data
4.43%	Brenda Johnson	671,489	US$71.2m	0%	no data
4.09%	Dimensional Fund Advisors LP	619,921	US$65.7m	5.52%	0.01%
3.89%	FMR LLC	589,682	US$62.5m	0.45%	no data
2.94%	Oliver Smith	445,283	US$47.2m	0%	no data
2.52%	State Street Global Advisors, Inc.	381,755	US$40.5m	3.74%	no data
2.33%	AllianceBernstein L.P.	352,504	US$37.4m	5.94%	0.01%
2%	Geode Capital Management, LLC	303,391	US$32.2m	1.65%	no data
1.55%	Manulife Asset Management	234,982	US$24.9m	-2.53%	0.02%
1.13%	Janus Henderson Group plc	171,520	US$18.2m	-27.1%	0.01%
0.88%	Northern Trust Global Investments	133,148	US$14.1m	-0.19%	no data
0.77%	Charles Schwab Investment Management, Inc.	116,409	US$12.3m	3.24%	no data
0.64%	Michael Daniels	97,509	US$10.3m	10.2%	no data
0.62%	Robert Weyers	93,239	US$9.9m	0%	no data
0.55%	Susan Merkatoris	83,218	US$8.8m	-5.67%	no data
0.53%	Donald Long	80,280	US$8.5m	0%	no data
0.38%	BNY Asset Management	57,297	US$6.1m	-13.2%	no data
0.35%	John Dykema	53,270	US$5.6m	0%	no data
0.32%	Morgan Stanley, Investment Banking and Brokerage Investments	49,168	US$5.2m	129%	no data
0.31%	Oberweis Asset Management, Inc.	46,400	US$4.9m	0%	0.19%
0.3%	North Star Asset Management, Inc	45,540	US$4.8m	2.24%	0.22%
0.29%	Advisory Research, Inc.	44,568	US$4.7m	1.44%	0.83%
0.29%	Goldman Sachs Asset Management, L.P.	44,028	US$4.7m	12.5%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 06:38
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nicolet Bankshares, Inc. is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin Reevey	D.A. Davidson & Co.
Brendan Nosal	Hovde Group, LLC
Erik Zwick	Hovde Group, LLC