Nicolet Bankshares (NYSE:NIC) Releases Quarterly Earnings Results

Nicolet Bankshares (NYSE:NIC) released its quarterly earnings results on Tuesday. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.94 by $0.23, Zacks reports. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%.

Nicolet Bankshares Price Performance

NIC opened at $110.07 on Thursday. Nicolet Bankshares has a 1 year low of $73.00 and a 1 year high of $116.17. The company’s 50 day simple moving average is $108.40 and its 200 day simple moving average is $100.73. The stock has a market capitalization of $1.67 billion, a PE ratio of 13.71 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is currently 13.95%.

Analyst Ratings Changes

NIC has been the topic of a number of analyst reports. Piper Sandler increased their target price on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday. Maxim Group boosted their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $116.00.

Insider Buying and Selling

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 14,171 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $103.00, for a total transaction of $1,459,613.00. Following the transaction, the director now directly owns 33,315 shares of the company’s stock, valued at $3,431,445. The trade was a 29.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Brad Vincent Hutjens sold 1,079 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $102.85, for a total transaction of $110,975.15. Following the sale, the executive vice president now owns 26,674 shares of the company’s stock, valued at approximately $2,743,420.90. This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,899 shares of company stock valued at $9,053,273. Insiders own 16.40% 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.