Nicolet Bankshares (NIC) to Release Quarterly Earnings on Tuesday

Nicolet Bankshares (NYSE:NIC) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, April 15th. Analysts expect the company to announce earnings of $1.96 per share and revenue of $70.08 million for the quarter.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, analysts expect Nicolet Bankshares to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Nicolet Bankshares Stock Performance

Shares of NYSE NIC opened at $101.87 on Monday. Nicolet Bankshares has a 1 year low of $75.24 and a 1 year high of $121.52. The firm has a market cap of $1.55 billion, a P/E ratio of 12.69 and a beta of 0.69. The stock has a fifty day moving average price of $112.89 and a two-hundred day moving average price of $108.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.28 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 1.10%. Nicolet Bankshares’s dividend payout ratio (DPR) is 13.95%.

Wall Street Analysts Forecast Growth

NIC has been the topic of several research reports. Piper Sandler boosted their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 23rd. Finally, Maxim Group lifted their price target 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.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 3,975 shares of the 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 completion of the sale, the director now owns 30,317 shares in the company, valued at $3,579,831.36. This represents a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Merkatoris sold 300 shares of Nicolet Bankshares stock in a transaction on Friday, March 7th. The shares were sold at an average price of $115.26, for a total value of $34,578.00. Following the transaction, the director now owns 81,918 shares in the company, valued at $9,441,868.68. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,527 shares of company stock valued at $996,674. 16.40% of the stock is currently owned by corporate insiders.

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.