Nicolet Bankshares Inc. (NYSE:NIC) Shareholders Set to Receive $0.36 Quarterly Dividend

Nicolet Bankshares Inc. (NYSE:NIC) declared a quarterly dividend on Monday, October 19th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.36 per share on Tuesday, December 15th. This represents a $1.44 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 1st.

Nicolet Bankshares has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Nicolet Bankshares to earn $13.32 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 10.8%.

Nicolet Bankshares Stock Performance

Shares of NYSE NIC traded up $1.97 during midday trading on Wednesday, reaching $166.58. 85,118 shares of the stock were exchanged, compared to its average volume of 209,660. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 18.90 and a beta of 0.64. Nicolet Bankshares has a twelve month low of $114.11 and a twelve month high of $180.00. The firm has a 50-day simple moving average of $168.68 and a two-hundred day simple moving average of $159.53. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, October 20th. The company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.08. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. The firm had revenue of $174.43 million during the quarter, compared to analysts’ expectations of $173.64 million. As a group, analysts anticipate that Nicolet Bankshares will post 12.02 EPS for the current fiscal year.

About Nicolet Bankshares

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Nicolet National Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Nicolet National Bank offers commercial and consumer lending, deposit accounts, residential and commercial real estate financing, treasury management and other business banking services. Its offerings also include wealth management, trust and investment services, mortgage banking and related financial solutions.

Founded in 2000, Nicolet has built a community-banking franchise serving customers primarily in Wisconsin and neighboring market areas.