Nicolet Bankshares (NYSE:NIC) Announces Earnings Results

Nicolet Bankshares (NYSE:NIC) issued its earnings results 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 Price Performance

Shares of NYSE NIC traded up $1.21 during trading on Tuesday, hitting $108.01. 53,964 shares of the company were exchanged, compared to its average volume of 48,164. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares has a 1 year low of $73.00 and a 1 year high of $116.17. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 13.74 and a beta of 0.77. The firm’s fifty day moving average price is $108.51 and its 200 day moving average price is $100.53.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.28 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.04%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 14.25%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Maxim Group boosted their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $112.00.

Insider Buying and Selling

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 13,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $106.35, for a total transaction of $1,435,725.00. Following the completion of the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $2,836,779.90. The trade was a 33.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Bruce Atwell sold 2,721 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $103.00, for a total value of $280,263.00. Following the transaction, the director now owns 33,315 shares in the company, valued at approximately $3,431,445. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,099 shares of company stock worth $9,073,643 in the last quarter. Company insiders own 16.40% of the company’s stock.

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.