Nicolet Bankshares Inc. (NYSE:NIC) Plans Quarterly Dividend of $0.32

Key Points

• Nicolet Bankshares Inc. has declared a quarterly dividend of $0.32 per share, scheduled for payment on September 15th to stockholders of record on September 2nd.
• The company's dividend payout ratio stands at 14.1%, indicating strong coverage by earnings, with expected earnings of $8.50 per share for the next year.
• Nicolet Bankshares reported a net margin of 25.12% in its latest earnings, with revenue surpassing analysts' estimates at $95.74 million for the quarter.

Nicolet Bankshares Inc. (NYSE:NIC - Get Free Report) declared a quarterly dividend on Tuesday, August 19th, RTT News reports. Stockholders of record on Tuesday, September 2nd will be given a dividend of 0.32 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%.

Nicolet Bankshares has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Nicolet Bankshares to earn $8.50 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 15.1%.

Nicolet Bankshares Price Performance

Shares of NIC traded down $1.1650 during midday trading on Tuesday, reaching $129.7750. The stock had a trading volume of 51,527 shares, compared to its average volume of 70,591. Nicolet Bankshares has a 12-month low of $90.07 and a 12-month high of $141.92. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The company's 50-day moving average is $127.88 and its 200 day moving average is $119.80. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 14.90 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.21. Nicolet Bankshares had a return on equity of 11.48% and a net margin of 25.12%.The company had revenue of $95.74 million for the quarter, compared to analyst estimates of $72.89 million. On average, equities analysts predict that Nicolet Bankshares will post 8.18 EPS for the current fiscal year.

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.

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