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

Nicolet Bankshares, Inc. (NYSE:NIC) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Monday, March 10th will be paid a dividend of 0.28 per share on Monday, March 17th. This represents a $1.12 dividend on an annualized basis and a yield of 0.95%.

Nicolet Bankshares has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nicolet Bankshares to earn $8.50 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 13.2%.

Nicolet Bankshares Stock Performance

NIC stock traded up $1.61 during mid-day trading on Tuesday, hitting $117.72. 66,678 shares of the company were exchanged, compared to its average volume of 50,163. Nicolet Bankshares has a 1-year low of $75.24 and a 1-year high of $120.25. The business has a 50 day simple moving average of $109.97 and a 200-day simple moving average of $104.31. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.79 billion, a PE ratio of 14.66 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. On average, equities analysts forecast that Nicolet Bankshares will post 8.18 earnings per share for the current year.

Insider Activity at Nicolet Bankshares

In other news, Director Susan L. Merkatoris sold 1,000 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $111.27, for a total transaction of $111,270.00. Following the completion of the transaction, the director now owns 82,218 shares of the company’s stock, valued at approximately $9,148,396.86. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Bruce Atwell sold 3,975 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total value of $469,368.00. Following the sale, the director now owns 30,317 shares of the company’s stock, valued at approximately $3,579,831.36. This represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,125 shares of company stock valued at $2,857,146 over the last quarter. 16.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Piper Sandler upped their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Maxim Group increased their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $119.00.

Nicolet Bankshares Company Profile

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.