Nicolet Bankshares Inc. (NIC) to Issue Quarterly Dividend of $0.32 on December 15th

Nicolet Bankshares Inc. (NYSE:NIC) declared a quarterly dividend on Tuesday, November 25th. Stockholders of record on Monday, December 8th will be paid a dividend of 0.32 per share on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, December 8th.

Nicolet Bankshares has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.1%

Shares of NYSE:NIC opened at $129.47 on Friday. Nicolet Bankshares has a fifty-two week low of $97.90 and a fifty-two week high of $141.92. The firm’s 50 day moving average price is $126.15 and its 200 day moving average price is $127.90. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 13.86 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.32. Nicolet Bankshares had a net margin of 26.39% and a return on equity of 12.08%. The company had revenue of $102.88 million for the quarter, compared to the consensus estimate of $76.83 million. As a group, equities research analysts predict that Nicolet Bankshares will post 8.18 earnings per share for the current fiscal year.

Insider Transactions at Nicolet Bankshares

In other news, CFO Hubert Phillip Moore, Jr. purchased 240 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was acquired at an average price of $115.84 per share, with a total value of $27,801.60. Following the purchase, the chief financial officer directly owned 32,947 shares of the company’s stock, valued at $3,816,580.48. This represents a 0.73% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Weyers bought 3,000 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average price of $115.73 per share, with a total value of $347,190.00. Following the transaction, the director owned 26,250 shares of the company’s stock, valued at $3,037,912.50. The trade was a 12.90% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 3,370 shares of company stock worth $390,760. 16.40% of the stock is owned by insiders.

Institutional Trading of Nicolet Bankshares

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Nicolet Bankshares by 3,940.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock worth $25,000 after purchasing an additional 197 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Nicolet Bankshares during the third quarter worth approximately $43,000. Parkside Financial Bank & Trust grew its stake in Nicolet Bankshares by 45.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock worth $79,000 after acquiring an additional 183 shares during the period. State of Alaska Department of Revenue acquired a new position in Nicolet Bankshares in the 3rd quarter valued at $80,000. Finally, IAG Wealth Partners LLC purchased a new position in shares of Nicolet Bankshares during the 2nd quarter worth $126,000. Institutional investors and hedge funds own 43.06% of the company’s stock.

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.