Nicolet Bankshares (NCBS) Cut to Hold at ValuEngine

ValuEngine cut shares of Nicolet Bankshares (NASDAQ:NCBS) from a buy rating to a hold rating in a research report released on Friday.

Separately, Maxim Group lifted their price objective on shares of Nicolet Bankshares from $59.00 to $65.00 and gave the stock a buy rating in a research note on Thursday, October 19th.

Nicolet Bankshares (NASDAQ:NCBS) traded up $0.55 during midday trading on Friday, reaching $58.50. 22,700 shares of the company’s stock traded hands, compared to its average volume of 20,430. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $573.39, a price-to-earnings ratio of 18.81 and a beta of 1.70. Nicolet Bankshares has a 52 week low of $43.25 and a 52 week high of $61.98.

Nicolet Bankshares (NASDAQ:NCBS) last posted its quarterly earnings data on Tuesday, October 17th. The bank reported $0.91 EPS for the quarter, topping the consensus estimate of $0.81 by $0.10. The company had revenue of $35.25 million during the quarter. Nicolet Bankshares had a net margin of 22.63% and a return on equity of 9.45%.

In other Nicolet Bankshares news, EVP Michael E. Daniels sold 24,239 shares of Nicolet Bankshares stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $56.43, for a total transaction of $1,367,806.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Robert Bruce Atwell sold 19,639 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $56.43, for a total transaction of $1,108,228.77. The disclosure for this sale can be found here. Insiders have sold 46,164 shares of company stock valued at $2,608,624 over the last ninety days. 13.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System purchased a new stake in shares of Nicolet Bankshares during the third quarter valued at $495,000. OxFORD Asset Management LLP purchased a new stake in shares of Nicolet Bankshares during the third quarter valued at $374,000. Dimensional Fund Advisors LP boosted its stake in shares of Nicolet Bankshares by 67.1% during the third quarter. Dimensional Fund Advisors LP now owns 52,133 shares of the bank’s stock valued at $2,999,000 after purchasing an additional 20,932 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Nicolet Bankshares by 21.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 31,359 shares of the bank’s stock valued at $1,805,000 after purchasing an additional 5,543 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Nicolet Bankshares by 36.3% during the third quarter. Wells Fargo & Company MN now owns 35,320 shares of the bank’s stock valued at $2,032,000 after purchasing an additional 9,414 shares during the period. 35.42% of the stock is owned by hedge funds and other institutional investors.

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About Nicolet Bankshares

Nicolet Bankshares, Inc is a bank holding company. The Company conducts operations through its subsidiary, Nicolet National Bank (the Bank), which is a commercial bank. The Company also owns investment advisory firms, Brookfield Investment Partners, LLC, which provides investment strategy and transactional services to select community banks, and Nicolet Advisory Services, LLC, which conducts brokerage and financial advisory services primarily to individual consumers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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