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

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, March 10th.

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 Stock Up 1.0 %

Shares of NYSE:NIC traded up $1.13 during mid-day trading on Friday, hitting $119.84. 51,486 shares of the company traded hands, compared to its average volume of 50,107. The firm's 50 day simple moving average is $110.87 and its 200 day simple moving average is $104.95. The firm has a market cap of $1.82 billion, a P/E ratio of 14.92 and a beta of 0.77. 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 52-week low of $75.24 and a 52-week high of $120.25.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, equities analysts anticipate that Nicolet Bankshares will post 8.18 EPS for the current year.

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Insider Transactions at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 8,945 shares of the firm's 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 sale, the director now directly owns 32,831 shares in the company, valued at $3,709,903. This trade represents a 21.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Merkatoris sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were 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 owns 82,218 shares in the company, valued at approximately $9,148,396.86. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,227 shares of company stock worth $3,222,096. 16.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Maxim Group boosted their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Piper Sandler upped their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods upped their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, January 23rd. 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.com, the company currently has an average rating of "Hold" and an average target price 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.