Nicolet Bankshares (NIC) to Release Earnings on Tuesday

Nicolet Bankshares (NYSE:NIC) will likely be releasing its earnings data before the market opens on Tuesday, January 21st. Analysts expect Nicolet Bankshares to post earnings of $1.94 per share and revenue of $68,947.50 billion for the quarter.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.13. The company had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. On average, analysts expect Nicolet Bankshares to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Nicolet Bankshares Stock Up 1.7 %

Shares of NIC traded up $1.79 during mid-day trading on Wednesday, reaching $106.92. The company’s stock had a trading volume of 47,104 shares, compared to its average volume of 44,545. The business has a fifty day moving average of $108.98 and a 200 day moving average of $99.83. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 13.60 and a beta of 0.77. Nicolet Bankshares has a 1 year low of $73.00 and a 1 year high of $116.17. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.05%. Nicolet Bankshares’s payout ratio is currently 14.25%.

Insider Activity

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $101.01, for a total transaction of $252,525.00. Following the sale, the director now directly owns 33,315 shares of the company’s stock, valued at approximately $3,365,148.15. The trade was a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $102.85, for a total value of $110,975.15. Following the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $2,743,420.90. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,507 shares of company stock valued at $9,626,332. 16.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on NIC shares. Keefe, Bruyette & Woods increased their price objective on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Maxim Group increased their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $112.00.

Nicolet Bankshares Company Profile

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.