Nicolet Bankshares Inc. (NYSE:NIC) Plans Quarterly Dividend of $0.36

Nicolet Bankshares Inc. (NYSE:NIC) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, September 1st will be given a dividend of 0.36 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st.

Nicolet Bankshares has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nicolet Bankshares to earn $13.36 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 10.8%.

Nicolet Bankshares Price Performance

Shares of Nicolet Bankshares stock opened at $167.85 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $3.57 billion, a PE ratio of 19.68 and a beta of 0.65. The firm has a fifty day moving average price of $151.67 and a two-hundred day moving average price of $148.29. Nicolet Bankshares has a fifty-two week low of $114.11 and a fifty-two week high of $173.48.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.14. The company had revenue of $177.75 million for the quarter, compared to the consensus estimate of $171.93 million. Nicolet Bankshares had a net margin of 21.89% and a return on equity of 11.48%. Analysts expect that Nicolet Bankshares will post 12.17 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on NIC. Zacks Research raised Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Raymond James Financial initiated coverage on Nicolet Bankshares in a research report on Tuesday, June 23rd. They issued a “market perform” rating for the company. Piper Sandler restated an “overweight” rating on shares of Nicolet Bankshares in a research note on Wednesday. Hovde Group dropped their price objective on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Finally, Weiss Ratings cut shares of Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $176.50.

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.