Nicolet Bankshares (NIC) to Release Earnings on Tuesday

Nicolet Bankshares (NYSE:NIC) is scheduled to post its quarterly earnings results on Tuesday, April 16th.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, January 16th. The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.12. Nicolet Bankshares had a net margin of 14.69% and a return on equity of 9.71%. The firm had revenue of $89.20 million during the quarter, compared to the consensus estimate of $78.30 million. On average, analysts expect Nicolet Bankshares to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Nicolet Bankshares Price Performance

NIC stock opened at $77.64 on Monday. The firm has a 50 day moving average of $80.39 and a 200-day moving average of $77.56. Nicolet Bankshares has a 12-month low of $51.76 and a 12-month high of $86.86. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 19.12 and a beta of 0.74.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. Nicolet Bankshares’s dividend payout ratio is currently 24.63%.

Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $81.93, for a total transaction of $163,860.00. Following the transaction, the director now directly owns 42,889 shares of the company’s stock, valued at $3,513,895.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Eric James Witczak sold 2,053 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $82.45, for a total transaction of $169,269.85. Following the completion of the sale, the executive vice president now owns 41,427 shares in the company, valued at approximately $3,415,656.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Bruce Atwell sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $81.93, for a total value of $163,860.00. Following the completion of the sale, the director now owns 42,889 shares of the company’s stock, valued at approximately $3,513,895.77. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Nicolet Bankshares

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Nicolet Bankshares by 3.3% in the 2nd quarter. BlackRock Inc. now owns 963,503 shares of the company’s stock valued at $65,431,000 after buying an additional 31,229 shares during the period. Vanguard Group Inc. increased its stake in shares of Nicolet Bankshares by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 697,725 shares of the company’s stock valued at $56,153,000 after buying an additional 17,539 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Nicolet Bankshares by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 475,076 shares of the company’s stock valued at $29,953,000 after buying an additional 38,925 shares during the period. State Street Corp boosted its position in shares of Nicolet Bankshares by 4.3% in the 2nd quarter. State Street Corp now owns 336,251 shares of the company’s stock worth $22,835,000 after purchasing an additional 13,838 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Nicolet Bankshares by 130.1% in the 2nd quarter. Alliancebernstein L.P. now owns 330,521 shares of the company’s stock worth $22,446,000 after purchasing an additional 186,872 shares during the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NIC has been the subject of a number of research reports. Stephens reaffirmed an “equal weight” rating and set a $90.00 price target on shares of Nicolet Bankshares in a research report on Wednesday, January 17th. TheStreet upgraded shares of Nicolet Bankshares from a “c+” rating to a “b” rating in a report on Wednesday, January 17th. Hovde Group upgraded shares of Nicolet Bankshares from a “market perform” rating to an “outperform” rating in a report on Monday, March 4th. Piper Sandler reiterated a “neutral” rating and issued a $84.00 price objective on shares of Nicolet Bankshares in a report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods boosted their price target on Nicolet Bankshares from $84.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, January 18th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $88.50.

About Nicolet Bankshares

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.