Nicolet Bankshares (NYSE:NIC) Releases Earnings Results, Beats Expectations By $0.14 EPS

Nicolet Bankshares (NYSE:NIC - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.14, Zacks reports. The business had revenue of $89.43 million during the quarter, compared to analyst estimates of $70.08 million. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%.

Nicolet Bankshares Stock Up 3.0 %

Shares of Nicolet Bankshares stock traded up $3.27 during trading on Friday, hitting $110.67. 63,927 shares of the stock traded hands, compared to its average volume of 52,245. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock's fifty day simple moving average is $111.91 and its 200 day simple moving average is $108.74. The firm has a market cap of $1.68 billion, a P/E ratio of 13.78 and a beta of 0.69. Nicolet Bankshares has a 52-week low of $76.01 and a 52-week high of $121.52.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares's dividend payout ratio is 13.51%.

Insider Buying and Selling

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 300 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the sale, the director now directly owns 81,918 shares in the company, valued at approximately $9,441,868.68. The trade was a 0.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Bruce Atwell sold 3,975 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total transaction of $469,368.00. Following the completion of the sale, the director now owns 30,317 shares in the company, valued at $3,579,831.36. The trade was a 11.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,527 shares of company stock valued at $996,674 over the last three months. 16.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NIC has been the subject of a number of analyst reports. Maxim Group raised their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Piper Sandler dropped their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research report on Thursday.

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.