Nicolet Bankshares, Inc. (NIC) to Issue Quarterly Dividend of $0.28 on March 17th

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 given a dividend of 0.28 per share on Monday, March 17th. This represents a $1.12 annualized dividend and a yield of 0.95%. The ex-dividend date is Monday, March 10th.

Nicolet Bankshares has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NIC stock 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 current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.79 billion, a PE ratio of 14.62 and a beta of 0.77. Nicolet Bankshares has a 1-year low of $75.24 and a 1-year high of $120.25.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. As a group, research analysts forecast that Nicolet Bankshares will post 8.18 earnings per share for the current year.

Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 3,102 shares of Nicolet Bankshares stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $117.65, for a total value of $364,950.30. Following the sale, the director now owns 33,816 shares of the company’s stock, valued at approximately $3,978,452.40. The trade was a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Merkatoris sold 1,000 shares of Nicolet Bankshares stock in a transaction dated 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 directly owns 82,218 shares in the company, valued at approximately $9,148,396.86. This represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,227 shares of company stock valued at $3,222,096. 16.40% of the stock is owned by insiders.

Analysts Set New Price Targets

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