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

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

Nicolet Bankshares has a payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.1 %

NYSE NIC traded down $0.07 on Wednesday, hitting $109.75. 28,527 shares of the stock were exchanged, compared to its average volume of 43,049. The company has a market cap of $1.67 billion, a PE ratio of 13.96 and a beta of 0.75. The company has a 50-day moving average price of $100.49 and a 200-day moving average price of $91.87. 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 has a fifty-two week low of $72.70 and a fifty-two week high of $116.17.

Nicolet Bankshares (NYSE:NIC) last announced its earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The firm had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $86.50 million. Sell-side analysts anticipate that Nicolet Bankshares will post 7.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Maxim Group boosted their price objective 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $106.00.

Insiders Place Their Bets

In related news, Director Robert Bruce Atwell sold 2,908 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $103.22, for a total transaction of $300,163.76. Following the completion of the sale, the director now directly owns 35,815 shares of the company’s stock, valued at $3,696,824.30. This represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brad Vincent Hutjens sold 6,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $115.30, for a total value of $691,800.00. Following the completion of the transaction, the executive vice president now owns 26,674 shares of the company’s stock, valued at $3,075,512.20. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,156 shares of company stock valued at $7,324,308 in the last quarter. Insiders own 16.40% of the company’s stock.

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.