Nicolet Bankshares (NYSE:NIC) Releases Earnings Results, Beats Estimates By $0.23 EPS

Nicolet Bankshares (NYSE:NIC) posted its quarterly earnings data on Tuesday. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.23, Zacks reports. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%.

Nicolet Bankshares Stock Performance

Shares of NIC stock opened at $108.01 on Wednesday. Nicolet Bankshares has a 52 week low of $73.00 and a 52 week high of $116.17. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.74 and a beta of 0.77. The company has a 50-day simple moving average of $108.51 and a 200 day simple moving average of $100.53. 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 announced 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 1.04%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Insider Buying and Selling

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,721 shares of Nicolet Bankshares stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $103.00, for a total value of $280,263.00. Following the completion of the sale, the director now owns 33,315 shares in the company, valued at $3,431,445. The trade was a 7.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brad Vincent Hutjens sold 4,560 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $102.85, for a total transaction of $468,996.00. Following the transaction, the executive vice president now owns 26,674 shares in the company, valued at approximately $2,743,420.90. The trade was a 14.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,899 shares of company stock valued at $9,053,273. Insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NIC. Keefe, Bruyette & Woods boosted their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Maxim Group lifted their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $112.00.

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.