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

Nicolet Bankshares Inc. (NYSE:NIC) announced a quarterly dividend on Tuesday, July 21st. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.36 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st.

Nicolet Bankshares has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nicolet Bankshares to earn $13.36 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 Performance

Shares of NIC stock opened at $167.85 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08. Nicolet Bankshares has a 52 week low of $114.11 and a 52 week high of $173.48. The stock has a market capitalization of $3.57 billion, a PE ratio of 19.68 and a beta of 0.65. The firm has a 50 day moving average of $151.67 and a two-hundred day moving average of $148.29.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly 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 net margin of 21.89% and a return on equity of 11.48%. The business had revenue of $177.75 million during the quarter, compared to the consensus estimate of $171.93 million. On average, research analysts predict that Nicolet Bankshares will post 12.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Nicolet Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NIC. Jennison Associates LLC acquired a new stake in Nicolet Bankshares during the first quarter worth approximately $31,794,000. Dimensional Fund Advisors LP lifted its position in shares of Nicolet Bankshares by 32.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 819,274 shares of the company’s stock worth $121,756,000 after buying an additional 198,997 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Nicolet Bankshares in the 4th quarter valued at $7,949,000. JPMorgan Chase & Co. boosted its holdings in shares of Nicolet Bankshares by 247.1% in the 4th quarter. JPMorgan Chase & Co. now owns 82,920 shares of the company’s stock valued at $10,058,000 after buying an additional 59,031 shares in the last quarter. Finally, Boston Partners grew its position in shares of Nicolet Bankshares by 40.6% in the 3rd quarter. Boston Partners now owns 199,396 shares of the company’s stock valued at $26,789,000 after buying an additional 57,536 shares during the last quarter. 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 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.