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

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 given a dividend of 0.28 per share on Monday, March 17th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Monday, March 10th.

Nicolet Bankshares has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NIC stock opened at $116.19 on Friday. The stock has a market capitalization of $1.77 billion, a PE ratio of 14.47 and a beta of 0.76. The company’s 50-day moving average is $111.99 and its 200-day moving average is $105.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares has a 1 year low of $75.24 and a 1 year high of $121.52.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Equities research analysts expect that Nicolet Bankshares will post 8.18 EPS for the current fiscal year.

Analysts Set New Price Targets

NIC has been the topic of several recent research reports. Piper Sandler raised their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on 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 Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Susan L. Merkatoris sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $111.27, for a total value of $111,270.00. Following the transaction, the director now owns 82,218 shares in the company, valued at $9,148,396.86. The trade was a 1.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Bruce Atwell sold 3,102 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $117.65, for a total value of $364,950.30. Following the completion of the transaction, the director now owns 33,816 shares in the company, valued at $3,978,452.40. The trade was a 8.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,836 shares of company stock worth $1,821,913. 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.