Nicolet Bankshares, Inc. (NIC) To Go Ex-Dividend on December 2nd

Nicolet Bankshares, Inc. (NYSE:NIC) announced a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.28 per share on Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Monday, December 2nd.

Nicolet Bankshares has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Nicolet Bankshares to earn $8.05 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 13.9%.

Nicolet Bankshares Trading Down 1.7 %

Nicolet Bankshares stock opened at $111.45 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50 day moving average price is $102.96 and its 200-day moving average price is $93.45. Nicolet Bankshares has a 1 year low of $72.70 and a 1 year high of $116.17. The stock has a market cap of $1.70 billion, a P/E ratio of 14.18 and a beta of 0.75.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The company had revenue of $91.24 million for the quarter, compared to the consensus estimate of $86.50 million. On average, equities analysts predict that Nicolet Bankshares will post 7.74 earnings per share for the current fiscal year.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $101.01, for a total transaction of $252,525.00. Following the sale, the director now directly owns 33,315 shares of the company’s stock, valued at $3,365,148.15. The trade was a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brad Vincent Hutjens sold 5,838 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $113.58, for a total value of $663,080.04. Following the sale, the executive vice president now owns 29,593 shares in the company, valued at approximately $3,361,172.94. This trade represents a 16.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,507 shares of company stock valued at $7,366,332 over the last 90 days. 16.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Maxim Group boosted their target price on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $106.00.

Nicolet Bankshares Company Profile

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.