Nicolet Bankshares (NYSE:NIC – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.14, FiscalAI reports. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 12.61%. The firm had revenue of $177.75 million during the quarter, compared to analysts’ expectations of $171.93 million.
Nicolet Bankshares Stock Performance
Shares of Nicolet Bankshares stock opened at $167.60 on Thursday. The business has a 50-day moving average of $152.22 and a 200 day moving average of $148.61. Nicolet Bankshares has a 12 month low of $114.11 and a 12 month high of $173.48. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 19.02 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.91.
Nicolet Bankshares Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.44 annualized dividend and a yield of 0.9%. Nicolet Bankshares’s dividend payout ratio is presently 16.88%.
Institutional Trading of Nicolet Bankshares
Analyst Ratings Changes
Several analysts have recently weighed in on NIC shares. Hovde Group dropped their price target on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Zacks Research upgraded Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings cut Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Piper Sandler set a $194.00 target price on Nicolet Bankshares in a research report on Wednesday. Finally, Raymond James Financial initiated coverage on Nicolet Bankshares in a research note on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Nicolet Bankshares has a consensus rating of “Moderate Buy” and a consensus target price of $179.25.
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.
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