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

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

Nicolet Bankshares has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 0.2%

Shares of NYSE NIC opened at $167.60 on Thursday. Nicolet Bankshares has a 52-week low of $114.11 and a 52-week high of $173.48. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 19.02 and a beta of 0.65. The stock has a 50 day moving average price of $152.22 and a 200 day moving average price of $148.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 0.91.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, July 21st. The company reported $2.99 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 return on equity of 12.61% and a net margin of 21.77%. Sell-side analysts expect that Nicolet Bankshares will post 12.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NIC shares. Weiss Ratings downgraded Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Raymond James Financial began coverage on shares of Nicolet Bankshares in a report on Tuesday, June 23rd. They set a “market perform” rating on the stock. Hovde Group cut their target price on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Piper Sandler set a $194.00 price target on shares of Nicolet Bankshares in a report on Wednesday. Finally, Zacks Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.25.

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.