Nicolet Bankshares (NYSE:NIC) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Nicolet Bankshares (NYSE:NIC) released its earnings results on Tuesday. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23, Zacks reports. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%.

Nicolet Bankshares Stock Performance

Shares of NIC traded up $1.21 during trading hours on Tuesday, hitting $108.01. The company’s stock had a trading volume of 53,964 shares, compared to its average volume of 48,164. The business has a 50 day simple moving average of $108.51 and a two-hundred day simple moving average of $100.53. Nicolet Bankshares has a 52-week low of $73.00 and a 52-week high of $116.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 13.74 and a beta of 0.77.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.28 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.04%. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 7,609 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $113.00, for a total value of $859,817.00. Following the sale, the director now directly owns 32,831 shares in the company, valued at $3,709,903. This represents a 18.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $102.85, for a total value of $110,975.15. Following the sale, the executive vice president now owns 26,674 shares of the company’s stock, valued at approximately $2,743,420.90. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,099 shares of company stock worth $9,073,643. 16.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Maxim Group lifted their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Nicolet Bankshares presently has an average rating of “Hold” and a consensus target price of $112.00.

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.