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

Nicolet Bankshares, Inc. (NYSE:NIC) declared a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, December 2nd.

Nicolet Bankshares has a dividend payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 1.7 %

Shares of NYSE NIC opened at $111.45 on Friday. Nicolet Bankshares has a 52-week low of $72.70 and a 52-week high of $116.17. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.18 and a beta of 0.75. The stock has a 50 day moving average price of $102.96 and a 200 day moving average price of $93.45. 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 (NYSE:NIC) last issued its earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share 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 business had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. Sell-side analysts expect that Nicolet Bankshares will post 7.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert Bruce Atwell sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $101.01, for a total value of $252,525.00. Following the sale, the director now directly owns 33,315 shares in the company, valued at approximately $3,365,148.15. This trade represents a 6.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brad Vincent Hutjens sold 5,838 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $113.58, for a total transaction of $663,080.04. Following the transaction, the executive vice president now owns 29,593 shares of the company’s stock, valued at approximately $3,361,172.94. This trade represents a 16.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,507 shares of company stock worth $7,366,332 over the last 90 days. Company insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

Separately, Maxim Group upped their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Nicolet Bankshares currently has an average rating of “Hold” and an average target price of $106.00.

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.