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

Nicolet Bankshares, Inc. (NYSE:NIC) announced a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.28 per share on Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, December 2nd.

Nicolet Bankshares has a dividend payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Nicolet Bankshares to earn $8.05 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 13.9%.

Nicolet Bankshares Stock Performance

Nicolet Bankshares stock traded down $0.07 on Wednesday, hitting $109.75. The company’s stock had a trading volume of 28,527 shares, compared to its average volume of 43,049. The company has a fifty day moving average price of $100.49 and a 200-day moving average price of $91.87. The firm has a market cap of $1.67 billion, a P/E ratio of 13.96 and a beta of 0.75. Nicolet Bankshares has a one year low of $72.70 and a one year high of $116.17. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The company had revenue of $91.24 million for the quarter, compared to the consensus estimate of $86.50 million. On average, equities analysts anticipate that Nicolet Bankshares will post 7.74 earnings per share for the current year.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, CEO Michael E. Daniels sold 8,003 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $98.98, for a total transaction of $792,136.94. Following the completion of the sale, the chief executive officer now owns 72,402 shares in the company, valued at approximately $7,166,349.96. The trade was a 9.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Bruce Atwell sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $101.01, for a total transaction of $252,525.00. Following the completion of the sale, the director now owns 33,315 shares of the company’s stock, valued at approximately $3,365,148.15. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,156 shares of company stock valued at $7,324,308 in the last three months. Corporate insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Maxim Group lifted their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Nicolet Bankshares has an average rating of “Hold” and a consensus price target of $106.00.

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.