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

Nicolet Bankshares (NYSE:NIC) announced its earnings results on Tuesday. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23, Zacks reports. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%.

Nicolet Bankshares Stock Up 2.0 %

NIC stock opened at $110.07 on Thursday. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 13.71 and a beta of 0.77. Nicolet Bankshares has a 1-year low of $73.00 and a 1-year high of $116.17. The firm has a fifty day moving average price of $108.40 and a two-hundred day moving average price of $100.73. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.95%.

Insider Transactions at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 7,609 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total transaction of $859,817.00. Following the completion of the transaction, the director now owns 32,831 shares in the company, valued at $3,709,903. The trade was 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 4,560 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $102.85, for a total value of $468,996.00. Following the completion of the sale, the executive vice president now owns 26,674 shares in the company, valued at $2,743,420.90. The trade was a 14.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,899 shares of company stock worth $9,053,273. 16.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NIC has been the topic of several analyst reports. Piper Sandler lifted their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Maxim Group boosted their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Three 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, Nicolet Bankshares has a consensus rating of “Hold” and an average target price of $116.00.

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.