Nicolet Bankshares Inc. (NIC) To Go Ex-Dividend on March 2nd

Nicolet Bankshares Inc. (NYSE:NIC) declared a quarterly dividend on Tuesday, January 20th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.32 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd.

Nicolet Bankshares has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nicolet Bankshares to earn $8.50 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 15.1%.

Nicolet Bankshares Price Performance

NIC stock opened at $144.84 on Thursday. Nicolet Bankshares has a 52-week low of $97.90 and a 52-week high of $145.20. The stock’s fifty day simple moving average is $126.77 and its 200-day simple moving average is $129.35. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 14.78 and a beta of 0.78.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, January 20th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.55 by $0.18. Nicolet Bankshares had a return on equity of 12.65% and a net margin of 26.98%.The firm had revenue of $80.89 million during the quarter, compared to analyst estimates of $79.67 million. Equities research analysts expect that Nicolet Bankshares will post 8.18 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NIC. Weiss Ratings reiterated a “buy (b)” rating on shares of Nicolet Bankshares in a report on Wednesday, October 8th. Piper Sandler boosted their target price on shares of Nicolet Bankshares from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday. Zacks Research raised shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Nicolet Bankshares from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nicolet Bankshares currently has a consensus rating of “Buy” and a consensus target price of $158.00.

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.