Insider Spends US$347k Buying More Shares In Nicolet Bankshares
Independent Director Robert Weyers of Nicolet Bankshares (NYSE:NIC) recently purchased US$347k worth of shares at US$116 each, increasing his holding by 3.2%. Over the past year, insiders sold more shares than they bought, with notable sales including Susan Merkatoris's US$402k sale at US$109 per share. Despite recent insider purchases, the overall trend of selling raises concerns. Insiders own about US$209m worth of shares, indicating a 12% ownership stake, which suggests alignment with shareholder interests. The outlook remains cautious as insider transactions show mixed signals.
Potential Nicolet Bankshares, Inc. (NYSE:NIC) shareholders may wish to note that the Independent Director, Robert Weyers, recently bought US$347k worth of stock, paying US$116 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.2%.
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The Last 12 Months Of Insider Transactions At Nicolet Bankshares
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Susan Merkatoris, sold US$402k worth of shares at a price of US$109 per share. That means that even when the share price was below the current price of US$124, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 4.5% of Susan Merkatoris's holding.
Over the last year, we can see that insiders have bought 3.24k shares worth US$375k. But they sold 5.15k shares for US$564k. All up, insiders sold more shares in Nicolet Bankshares than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
See our latest analysis for Nicolet Bankshares
I will like Nicolet Bankshares better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership Of Nicolet Bankshares
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Nicolet Bankshares insiders own about US$209m worth of shares (which is 12% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Nicolet Bankshares Tell Us?
The recent insider purchases are heartening. However, the longer term transactions are not so encouraging. The recent buying by some insiders , along with high insider ownership, suggest that Nicolet Bankshares insiders are fairly aligned, and optimistic. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course Nicolet Bankshares may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
