Nicolet Bankshares (NIC) to Release Earnings on Tuesday

Nicolet Bankshares (NYSE:NIC) is projected to issue its quarterly earnings data before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $1.94 per share and revenue of $68,947.50 billion for the quarter.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The firm had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $86.50 million. On average, analysts expect Nicolet Bankshares to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Nicolet Bankshares Trading Up 1.7 %

NIC traded up $1.79 during trading on Wednesday, reaching $106.92. 47,104 shares of the company’s stock were exchanged, compared to its average volume of 44,545. The company’s fifty day moving average price is $108.98 and its 200-day moving average price is $99.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares has a fifty-two week low of $73.00 and a fifty-two week high of $116.17. The firm has a market capitalization of $1.63 billion, a PE ratio of 13.60 and a beta of 0.77.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NIC. Keefe, Bruyette & Woods lifted their target price on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Maxim Group lifted their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $112.00.

Insider Activity

In related news, Director Robert Bruce Atwell sold 2,908 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $103.22, for a total value of $300,163.76. Following the completion of the transaction, the director now directly owns 35,815 shares of the company’s stock, valued at approximately $3,696,824.30. This represents a 7.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brad Vincent Hutjens sold 4,560 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $102.85, for a total transaction of $468,996.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at approximately $2,743,420.90. The trade was a 14.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,507 shares of company stock valued at $9,626,332 in the last quarter. Company insiders own 16.40% of the company’s stock.

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.