Nicolet Bankshares Inc. (NIC) to Issue Quarterly Dividend of $0.36 on December 15th

Nicolet Bankshares Inc. (NYSE:NIC) declared a quarterly dividend on Monday, October 19th. Investors of record on Tuesday, December 1st will be given a dividend of $0.36 per share on Tuesday, December 15th. This represents a $1.44 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, December 1st.

Nicolet Bankshares has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Nicolet Bankshares to earn $13.32 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 Trading Up 1.1%

Shares of NIC stock traded up $1.89 during trading hours on Wednesday, hitting $166.50. 90,802 shares of the company were exchanged, compared to its average volume of 209,692. The firm has a fifty day moving average of $168.68 and a 200 day moving average of $159.53. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. Nicolet Bankshares has a 1 year low of $114.11 and a 1 year high of $180.00. The firm has a market cap of $3.49 billion, a PE ratio of 18.90 and a beta of 0.64.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, October 20th. The company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.08. The firm had revenue of $174.43 million during the quarter, compared to the consensus estimate of $173.64 million. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. Analysts expect that Nicolet Bankshares will post 12.02 earnings per share for the current year.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Nicolet National Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Nicolet National Bank offers commercial and consumer lending, deposit accounts, residential and commercial real estate financing, treasury management and other business banking services. Its offerings also include wealth management, trust and investment services, mortgage banking and related financial solutions.

Founded in 2000, Nicolet has built a community-banking franchise serving customers primarily in Wisconsin and neighboring market areas.