Nicolet Bankshares (NYSE:NIC) Releases Quarterly Earnings Results

Nicolet Bankshares (NYSE:NIC) posted its quarterly earnings data on Tuesday. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.23, Zacks reports. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%.

Nicolet Bankshares Stock Performance

NIC traded up $1.21 during trading on Tuesday, hitting $108.01. The stock had a trading volume of 53,964 shares, compared to its average volume of 48,164. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares has a 12 month low of $73.00 and a 12 month high of $116.17. The company has a 50 day simple moving average of $108.51 and a 200-day simple moving average of $100.53. The firm has a market cap of $1.64 billion, a PE ratio of 13.74 and a beta of 0.77.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is 14.25%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NIC. Maxim Group lifted their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.00.

Insider Activity

In other news, EVP Brad Vincent Hutjens sold 1,079 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $102.85, for a total value of $110,975.15. Following the completion of the transaction, the executive vice president now owns 26,674 shares in the company, valued at approximately $2,743,420.90. This represents a 3.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Bruce Atwell sold 14,171 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $103.00, for a total transaction of $1,459,613.00. Following the completion of the sale, the director now owns 33,315 shares in the company, valued at $3,431,445. This represents a 29.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,099 shares of company stock valued at $9,073,643. 16.40% of the stock is owned by insiders.

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.