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

Nicolet Bankshares, Inc. (NYSE:NIC) announced a quarterly dividend on Tuesday, August 20th, Wall Street Journal reports. Shareholders of record on Tuesday, September 3rd will be paid a dividend of 0.28 per share on Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, September 3rd.

Nicolet Bankshares has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nicolet Bankshares to earn $7.32 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 15.3%.

Nicolet Bankshares Price Performance

Nicolet Bankshares stock opened at $98.30 on Monday. The stock’s 50 day moving average price is $90.95 and its two-hundred day moving average price is $84.14. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 15.15 and a beta of 0.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares has a 52-week low of $63.58 and a 52-week high of $104.58.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, July 16th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.18. Nicolet Bankshares had a net margin of 21.13% and a return on equity of 10.20%. The business had revenue of $85.43 million for the quarter, compared to analyst estimates of $81.40 million. On average, equities analysts predict that Nicolet Bankshares will post 7.3 earnings per share for the current year.

Insider Buying and Selling

In other Nicolet Bankshares news, CEO Michael E. Daniels sold 8,003 shares of Nicolet Bankshares stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $98.98, for a total transaction of $792,136.94. Following the completion of the transaction, the chief executive officer now owns 72,402 shares in the company, valued at approximately $7,166,349.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Nicolet Bankshares news, CEO Michael E. Daniels sold 8,003 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $98.98, for a total transaction of $792,136.94. Following the transaction, the chief executive officer now directly owns 72,402 shares in the company, valued at approximately $7,166,349.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eric James Witczak sold 15,000 shares of Nicolet Bankshares stock in a transaction on Friday, July 19th. The stock was sold at an average price of $97.18, for a total transaction of $1,457,700.00. Following the transaction, the executive vice president now directly owns 26,498 shares in the company, valued at $2,575,075.64. The disclosure for this sale can be found here. Insiders have sold 39,531 shares of company stock worth $3,845,499 in the last quarter. Insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stephens boosted their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Piper Sandler boosted their price objective on Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Nicolet Bankshares currently has a consensus rating of “Hold” and a consensus price target of $100.00.

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.