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. Shareholders of record on Monday, March 10th will be paid a dividend of 0.28 per share on Monday, March 17th. This represents a $1.12 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, March 10th.

Nicolet Bankshares has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Research 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

Shares of NYSE NIC opened at $117.42 on Thursday. The business’s 50 day moving average price is $110.33 and its two-hundred day moving average price is $104.62. The company has a market cap of $1.79 billion, a PE ratio of 14.62 and a beta of 0.77. 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 twelve month low of $75.24 and a twelve month high of $120.25.

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

Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 8,945 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $113.00, for a total value of $1,010,785.00. Following the completion of the sale, the director now directly owns 32,831 shares in the company, valued at approximately $3,709,903. The trade was a 21.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan L. Merkatoris sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $111.27, for a total value of $111,270.00. Following the completion of the sale, the director now owns 82,218 shares of the company’s stock, valued at approximately $9,148,396.86. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,227 shares of company stock worth $3,222,096. Company insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NIC. Maxim Group boosted their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Piper Sandler boosted their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $119.00.

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.