S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
GREEN BAY, Wis. - Nicolet Bankshares, Inc. (NYSE:NIC) announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.32 per share on its common stock. The dividend represents a 14.3% growth from last year, with a current yield of 0.98%.
The dividend will be payable on September 15, 2025, to shareholders of record as of September 2, 2025, according to a company press release.
Nicolet Bankshares is the bank holding company of Nicolet National Bank, a community bank that provides commercial, agricultural, and consumer banking services, as well as wealth management and retirement plan services.
The bank, founded in Green Bay in 2000, operates branches primarily across Wisconsin, Michigan, and Minnesota. The company’s stock currently appears undervalued based on InvestingPro Fair Value calculations, with analysts setting price targets ranging from $135 to $161 per share.
In other recent news, Nicolet Bankshares reported second-quarter results that surpassed expectations, largely due to stronger net interest income. This financial performance led to a 7% increase in pre-provision net revenue, with the bank achieving a 1.6% return on assets and an 18% return on tangible common equity. Following these results, Piper Sandler raised its price target for Nicolet Bankshares to $140, while maintaining a Neutral rating on the stock. Additionally, Nicolet Bankshares announced a 14% increase in its quarterly cash dividend, raising it to $0.32 per share. This increased dividend is scheduled for payment on June 13, 2025, to shareholders on record as of June 2, 2025. These developments reflect the company’s efforts to enhance shareholder value and financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.