Nicolet Bankshares, Inc. (NIC) to Issue Quarterly Dividend of $0.28 on March 17th

Nicolet Bankshares, Inc. (NYSE:NIC) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Monday, March 10th.

Nicolet Bankshares has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 0.6 %

Shares of NYSE:NIC opened at $116.19 on Friday. The company has a fifty day moving average of $111.99 and a 200-day moving average of $105.90. The company has a market capitalization of $1.77 billion, a PE ratio of 14.47 and a beta of 0.76. 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 has a 52-week low of $75.24 and a 52-week high of $121.52.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, topping 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, equities analysts predict that Nicolet Bankshares will post 8.18 EPS for the current fiscal year.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 7,609 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total transaction of $859,817.00. Following the completion of the sale, the director now directly owns 32,831 shares in the company, valued at approximately $3,709,903. This trade represents a 18.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $111.27, for a total value of $111,270.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,836 shares of company stock worth $1,821,913 over the last three months. Company insiders own 16.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NIC shares. Maxim Group increased their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Piper Sandler increased their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 23rd.

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.