Nicolet Bankshares, Inc. (NYSE:NIC) Plans $0.28 Quarterly Dividend

Nicolet Bankshares, Inc. (NYSE:NIC) announced a quarterly dividend on Tuesday, August 20th, Wall Street Journal reports. Stockholders of record on Tuesday, September 3rd will be paid a dividend of 0.28 per share on Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, September 3rd.

Nicolet Bankshares has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Nicolet Bankshares to earn $7.03 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 15.9%.

Nicolet Bankshares Price Performance

NYSE NIC traded down $0.16 during mid-day trading on Wednesday, hitting $92.45. The stock had a trading volume of 21,102 shares, compared to its average volume of 41,698. The firm’s 50 day moving average is $88.06 and its 200 day moving average is $82.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 14.24 and a beta of 0.77. Nicolet Bankshares has a twelve month low of $63.58 and a twelve month high of $104.58.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, July 16th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.18. Nicolet Bankshares had a net margin of 21.13% and a return on equity of 10.37%. The business had revenue of $85.43 million during the quarter, compared to analysts’ expectations of $81.40 million. Equities research analysts forecast that Nicolet Bankshares will post 7.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NIC. Stephens raised their price objective on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Piper Sandler raised their price target on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $100.00.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 522 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $79.00, for a total value of $41,238.00. Following the transaction, the director now owns 91,702 shares of the company’s stock, valued at $7,244,458. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 522 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $79.00, for a total value of $41,238.00. Following the sale, the director now owns 91,702 shares of the company’s stock, valued at $7,244,458. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan L. Merkatoris sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $76.70, for a total value of $76,700.00. Following the transaction, the director now owns 88,218 shares of the company’s stock, valued at $6,766,320.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,528 shares of company stock worth $3,053,362. Company insiders own 16.40% of the company’s stock.

About Nicolet Bankshares

Nicolet Bankshares, Inc operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin and Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.