Nicolet Bankshares Inc. (NIC) To Go Ex-Dividend on June 1st

Nicolet Bankshares Inc. (NYSE:NIC) announced a quarterly dividend on Tuesday, April 21st. Investors of record on Monday, June 1st will be given a dividend of 0.36 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st. This is a 12.5% increase from Nicolet Bankshares’s previous quarterly dividend of $0.32.

Nicolet Bankshares has a payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nicolet Bankshares to earn $13.10 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 11.0%.

Nicolet Bankshares Trading Down 0.2%

NIC opened at $140.25 on Friday. The stock has a market capitalization of $2.98 billion, a P/E ratio of 16.44 and a beta of 0.70. Nicolet Bankshares has a 12 month low of $114.11 and a 12 month high of $163.11. The firm’s fifty day simple moving average is $146.88 and its 200 day simple moving average is $140.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $2.75 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.23). Nicolet Bankshares had a net margin of 21.89% and a return on equity of 11.48%. The company had revenue of $134.85 million during the quarter, compared to the consensus estimate of $129.74 million. As a group, research analysts anticipate that Nicolet Bankshares will post 11.75 EPS for the current fiscal year.

About Nicolet Bankshares

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.