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

Nicolet Bankshares, Inc. (NYSE:NIC) declared a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Investors of record on Monday, December 2nd will be given a dividend of 0.28 per share on Monday, December 16th. This represents a $1.12 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Monday, December 2nd.

Nicolet Bankshares has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Research 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 0.3 %

Shares of NYSE:NIC traded down $0.34 during trading on Wednesday, hitting $109.48. The company had a trading volume of 48,849 shares, compared to its average volume of 43,140. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 13.96 and a beta of 0.75. 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 company has a fifty day simple moving average of $100.49 and a two-hundred day simple moving average of $91.87. Nicolet Bankshares has a one year low of $72.70 and a one year high of $116.17.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS 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 company had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. As a group, equities analysts forecast that Nicolet Bankshares will post 7.74 earnings per share for the current year.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, CEO Michael E. Daniels sold 8,003 shares of Nicolet Bankshares stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $98.98, for a total transaction of $792,136.94. Following the completion of the transaction, the chief executive officer now owns 72,402 shares in the company, valued at approximately $7,166,349.96. This trade represents a 9.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $115.30, for a total value of $691,800.00. Following the transaction, the executive vice president now owns 26,674 shares of the company’s stock, valued at approximately $3,075,512.20. This represents a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 69,156 shares of company stock valued at $7,324,308. Corporate insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Maxim Group boosted their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $106.00.

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.