Nicolet Bankshares (NYSE:NIC) Releases Earnings Results, Beats Estimates By $0.23 EPS

Nicolet Bankshares (NYSE:NIC) issued its earnings results on Tuesday. The company reported $2.17 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 Trading Up 1.1 %

Shares of NIC traded up $1.21 during mid-day trading on Tuesday, reaching $108.01. 53,964 shares of the company were exchanged, compared to its average volume of 48,164. The business has a 50 day simple moving average of $108.51 and a two-hundred day simple moving average of $100.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $1.64 billion, a PE ratio of 13.74 and a beta of 0.77. Nicolet Bankshares has a 52 week low of $73.00 and a 52 week high of $116.17.

Nicolet Bankshares Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Maxim Group increased their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note 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 report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $112.00.

Insider Activity at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 14,171 shares of Nicolet Bankshares stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $103.00, for a total value of $1,459,613.00. Following the completion of the transaction, the director now directly owns 33,315 shares of the company’s stock, valued at approximately $3,431,445. This trade represents a 29.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brad Vincent Hutjens sold 1,079 shares of the business’s stock in a transaction dated 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 directly owns 26,674 shares in the company, valued at $2,743,420.90. This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,099 shares of company stock worth $9,073,643 over the last ninety days. 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.