Nicolet Bankshares Inc. (NIC) to Issue Quarterly Dividend of $0.36 on June 15th

Nicolet Bankshares Inc. (NYSE:NIC) declared a quarterly dividend on Tuesday, April 21st. Investors of record on Monday, June 1st will be given a dividend of 0.36 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, June 1st. This is a 12.5% increase from Nicolet Bankshares’s previous quarterly dividend of $0.32.

Nicolet Bankshares has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nicolet Bankshares to earn $14.20 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 9.0%.

Nicolet Bankshares Stock Performance

NIC opened at $142.78 on Thursday. The firm has a market capitalization of $3.05 billion, a PE ratio of 16.74 and a beta of 0.74. Nicolet Bankshares has a twelve month low of $114.11 and a twelve month high of $163.11. The firm’s 50-day moving average price is $151.73 and its 200 day moving average price is $137.49. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). The business had revenue of $134.85 million for the quarter, compared to analyst estimates of $129.74 million. Nicolet Bankshares had a return on equity of 13.92% and a net margin of 21.89%. As a group, sell-side analysts expect that Nicolet Bankshares will post 12.45 EPS for the current fiscal year.

About Nicolet Bankshares

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.