Nicolet Bankshares Inc. (NYSE:NIC) Plans $0.32 Quarterly Dividend

Nicolet Bankshares Inc. (NYSE:NIC) announced a quarterly dividend on Tuesday, January 20th. Investors of record on Monday, March 2nd will be paid a dividend of 0.32 per share on Monday, March 16th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 2nd.

Nicolet Bankshares has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nicolet Bankshares to earn $8.50 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 15.1%.

Nicolet Bankshares Trading Up 0.1%

Shares of NIC opened at $131.62 on Wednesday. The stock’s 50-day moving average is $126.37 and its two-hundred day moving average is $129.24. The stock has a market cap of $1.95 billion, a PE ratio of 14.09 and a beta of 0.78. Nicolet Bankshares has a 12 month low of $97.90 and a 12 month high of $141.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last announced its earnings results on Tuesday, January 20th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.55 by $0.18. The business had revenue of $80.89 million for the quarter, compared to the consensus estimate of $79.67 million. Nicolet Bankshares had a return on equity of 12.08% and a net margin of 26.39%. Equities analysts forecast that Nicolet Bankshares will post 8.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NIC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Nicolet Bankshares in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Nicolet Bankshares from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Zacks Research upgraded shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, Piper Sandler restated a “neutral” rating and set a $148.00 target price on shares of Nicolet Bankshares in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $158.00.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.