Nicolet Bankshares, Inc. (NYSE:NIC) Plans Quarterly Dividend of $0.28

Nicolet Bankshares, Inc. (NYSE:NIC) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.28 per share on Monday, March 17th. This represents a $1.12 dividend on an annualized basis and a yield of 0.95%.

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

Shares of NYSE:NIC traded up $1.61 during trading on Tuesday, hitting $117.72. 66,678 shares of the company were exchanged, compared to its average volume of 50,163. Nicolet Bankshares has a 1-year low of $75.24 and a 1-year high of $120.25. The company has a market capitalization of $1.79 billion, a P/E ratio of 14.66 and a beta of 0.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $109.97 and its 200-day moving average is $104.31.

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

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 1,000 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, January 27th. The stock was 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. The trade was a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Bruce Atwell sold 8,945 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $113.00, for a total value of $1,010,785.00. Following the transaction, the director now owns 32,831 shares in the company, valued at $3,709,903. The trade was a 21.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,125 shares of company stock worth $2,857,146 over the last three months. 16.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NIC shares. Piper Sandler raised their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Finally, Maxim Group increased their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.