Nicolet Bankshares (NIC) to Release Quarterly Earnings on Tuesday

Nicolet Bankshares (NYSE:NIC) will likely be posting its quarterly earnings results before the market opens on Tuesday, April 15th. Analysts expect Nicolet Bankshares to post earnings of $1.96 per share and revenue of $70.08 million for the quarter.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, analysts expect Nicolet Bankshares to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Nicolet Bankshares Price Performance

NIC opened at $102.05 on Tuesday. The firm has a market capitalization of $1.55 billion, a P/E ratio of 12.71 and a beta of 0.69. The stock has a fifty day moving average of $113.93 and a 200-day moving average of $108.10. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares has a 12-month low of $75.24 and a 12-month high of $121.52.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, March 10th. Nicolet Bankshares’s dividend payout ratio is currently 13.95%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NIC. Piper Sandler lifted their target price on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Finally, Maxim Group upped their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 3,975 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the transaction, the director now owns 30,317 shares in the company, valued at approximately $3,579,831.36. This trade represents a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Merkatoris sold 1,000 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $111.27, for a total transaction of $111,270.00. Following the completion of the sale, the director now owns 82,218 shares of the company’s stock, valued at $9,148,396.86. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,527 shares of company stock worth $996,674 over the last 90 days. 16.40% of the stock is currently owned by corporate insiders.

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.