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

Nicolet Bankshares Inc. (NYSE:NIC) announced a quarterly dividend on Tuesday, July 21st. Shareholders 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 yield of 0.8%. The ex-dividend date is Tuesday, September 1st.

Nicolet Bankshares has a payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Nicolet Bankshares to earn $13.41 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 10.7%.

Nicolet Bankshares Stock Performance

NIC stock opened at $171.97 on Friday. The firm has a market cap of $3.60 billion, a PE ratio of 19.52 and a beta of 0.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $168.99 and a 200-day moving average price of $155.40. Nicolet Bankshares has a 1-year low of $114.11 and a 1-year high of $180.00.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, July 21st. The company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.85 by $0.14. Nicolet Bankshares had a return on equity of 11.36% and a net margin of 21.77%.The business had revenue of $177.75 million during the quarter, compared to analysts’ expectations of $171.93 million. As a group, equities research analysts expect that Nicolet Bankshares will post 12.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

NIC has been the topic of a number of research analyst reports. Piper Sandler set a $194.00 price objective on shares of Nicolet Bankshares in a research report on Wednesday, July 22nd. Raymond James Financial initiated coverage on Nicolet Bankshares in a research note on Tuesday, June 23rd. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods upped their target price on Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Zacks Research upgraded Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Weiss Ratings upgraded shares of Nicolet Bankshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nicolet Bankshares presently has an average rating of “Moderate Buy” and a consensus price target of $183.00.

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.