Nicolet Bankshares (NIC) to Release Quarterly Earnings on Tuesday

Nicolet Bankshares (NYSE:NIC - Get Free Report) is expected to announce its earnings results before the market opens on Tuesday, April 15th. Analysts expect the company to announce earnings of $1.96 per share and revenue of $70.08 million for the quarter.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect Nicolet Bankshares to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Nicolet Bankshares Stock Up 1.1 %

NYSE:NIC traded up $1.07 during midday trading on Friday, hitting $101.87. 62,691 shares of the company were exchanged, compared to its average volume of 51,958. Nicolet Bankshares has a fifty-two week low of $75.24 and a fifty-two week high of $121.52. The company has a market capitalization of $1.55 billion, a PE ratio of 12.69 and a beta of 0.69. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $112.89 and a 200 day simple moving average of $108.24.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, March 10th. Nicolet Bankshares's dividend payout ratio (DPR) is currently 13.95%.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,975 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total value of $469,368.00. Following the transaction, the director now directly owns 30,317 shares of the company's stock, valued at approximately $3,579,831.36. The trade was a 11.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan L. Merkatoris sold 1,000 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $111.27, for a total transaction of $111,270.00. Following the transaction, the director now owns 82,218 shares of the company's stock, valued at approximately $9,148,396.86. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,527 shares of company stock valued at $996,674 in the last ninety days. Insiders own 16.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NIC shares. Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, January 23rd. Maxim Group raised their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Piper Sandler lifted their target price 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.

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.