Nicolet Bankshares Inc. (NYSE:NIC) Shareholders to Get $0.36 Quarterly Dividend

Nicolet Bankshares Inc. (NYSE:NIC) announced a quarterly dividend on Monday, October 19th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.36 per share on Tuesday, December 15th. This represents a $1.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 1st.

Nicolet Bankshares has a payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nicolet Bankshares to earn $13.32 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 Up 1.2%

Shares of NIC stock traded up $1.97 during mid-day trading on Wednesday, hitting $166.58. The stock had a trading volume of 85,118 shares, compared to its average volume of 209,660. Nicolet Bankshares has a 12-month low of $114.11 and a 12-month high of $180.00. The firm has a market capitalization of $3.49 billion, a P/E ratio of 18.90 and a beta of 0.64. The firm’s 50-day moving average is $168.68 and its two-hundred day moving average is $159.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.90 and a quick ratio of 0.90.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.08. The business had revenue of $174.43 million for the quarter, compared to the consensus estimate of $173.64 million. Nicolet Bankshares had a return on equity of 11.36% and a net margin of 21.77%. On average, analysts predict that Nicolet Bankshares will post 12.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert Atwell sold 2,662 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $170.24, for a total value of $453,178.88. Following the completion of the sale, the director owned 34,483 shares of the company’s stock, valued at $5,870,385.92. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Witczak sold 1,215 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $167.89, for a total value of $203,986.35. Following the completion of the sale, the executive vice president directly owned 33,630 shares of the company’s stock, valued at $5,646,140.70. The trade was a 3.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 4,219 shares of company stock worth $715,976. Insiders own 7.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NIC. Parallel Advisors LLC lifted its holdings in shares of Nicolet Bankshares by 151.9% during the first quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock worth $90,000 after purchasing an additional 366 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Nicolet Bankshares by 82.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 630 shares of the company’s stock worth $94,000 after buying an additional 284 shares during the period. KBC Group NV increased its holdings in Nicolet Bankshares by 42.5% in the 1st quarter. KBC Group NV now owns 842 shares of the company’s stock worth $125,000 after buying an additional 251 shares during the period. Nykredit A S purchased a new position in Nicolet Bankshares during the 2nd quarter worth approximately $143,000. Finally, Madison Wealth Partners Inc purchased a new position in Nicolet Bankshares during the 2nd quarter worth approximately $205,000. 43.06% of the stock is owned by institutional investors and hedge funds.

About Nicolet Bankshares

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Nicolet National Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Nicolet National Bank offers commercial and consumer lending, deposit accounts, residential and commercial real estate financing, treasury management and other business banking services. Its offerings also include wealth management, trust and investment services, mortgage banking and related financial solutions.

Founded in 2000, Nicolet has built a community-banking franchise serving customers primarily in Wisconsin and neighboring market areas.