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

Nicolet Bankshares (NYSE:NIC - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.14, Zacks reports. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%.Get Nicolet Bankshares alerts:Nicolet Bankshares Stock PerformanceNIC traded up $1.87 during midday trading on Tuesday, reaching $105.49. The company had a trading volume of 49,572 shares, compared to its average volume of 52,016. The business has a 50-day moving average of $112.64 and a two-hundred day moving average of $108.41. 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 has a 1 year low of $75.24 and a 1 year high of $121.52. The company has a market cap of $1.60 billion, a P/E ratio of 13.14 and a beta of 0.69. Nicolet Bankshares Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.28 per share. The ex-dividend date was Monday, March 10th. This represents a $1.12 annualized dividend and a yield of 1.06%. Nicolet Bankshares's dividend payout ratio (DPR) is presently 13.95%. Insiders Place Their BetsIn related news, Director Susan L. Merkatoris sold 300 shares of the company's stock in a transaction 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 transaction, the director now owns 81,918 shares in the company, valued at approximately $9,441,868.68. This represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Bruce Atwell sold 3,975 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the transaction, the director now directly owns 30,317 shares of the company's stock, valued at $3,579,831.36. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,527 shares of company stock worth $996,674. Company insiders own 16.40% of the company's stock. Wall Street Analyst Weigh InA number of analysts recently commented on NIC shares. Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, January 23rd. Maxim Group lifted their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Piper Sandler increased their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd.Check Out Our Latest Report on NICAbout Nicolet Bankshares (Get Free Report)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.Read MoreFive stocks we like better than Nicolet BanksharesHow to Short Nasdaq: An Easy-to-Follow GuideBeware of BigBear.ai: Insiders Are Selling—Should You?TSX Venture Exchange (Formerly Canadian Venture Exchange)CrowdStrike Stock is a Buy as Cyberthreat Environment ExpandsEarnings Per Share Calculator: How to Calculate EPSCongress! Who Traded What During the Tariff-Induced Meltdown This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Nicolet Bankshares Right Now?Before you consider Nicolet Bankshares, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nicolet Bankshares wasn't on the list.While Nicolet Bankshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here