Nicolet Bankshares Inc (NASDAQ:NCBS) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $61.88.
Several equities analysts have recently commented on the stock. ValuEngine lowered shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Maxim Group reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Nicolet Bankshares in a report on Thursday, January 18th. DA Davidson initiated coverage on shares of Nicolet Bankshares in a report on Thursday, December 14th. They issued a “neutral” rating and a $61.00 price objective for the company. BidaskClub downgraded shares of Nicolet Bankshares from a “sell” rating to a “strong sell” rating in a report on Thursday, January 4th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $58.50 price objective on shares of Nicolet Bankshares in a report on Wednesday, January 3rd.
In other Nicolet Bankshares news, Director Michael J. Gilson sold 2,286 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $58.00, for a total value of $132,588.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Patrick Joseph Madson sold 1,027 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $57.65, for a total transaction of $59,206.55. The disclosure for this sale can be found here. Corporate insiders own 13.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in Nicolet Bankshares by 10.1% in the 2nd quarter. Legal & General Group Plc now owns 2,321 shares of the bank’s stock valued at $127,000 after acquiring an additional 212 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Nicolet Bankshares by 15.0% in the 2nd quarter. Voya Investment Management LLC now owns 5,021 shares of the bank’s stock valued at $275,000 after acquiring an additional 655 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in Nicolet Bankshares by 12.6% in the 2nd quarter. Nationwide Fund Advisors now owns 5,035 shares of the bank’s stock valued at $275,000 after acquiring an additional 563 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in Nicolet Bankshares in the 2nd quarter valued at about $353,000. Finally, OxFORD Asset Management LLP acquired a new stake in Nicolet Bankshares in the 3rd quarter valued at about $374,000. 35.71% of the stock is owned by institutional investors.
Nicolet Bankshares (NASDAQ:NCBS) traded down $0.31 during trading on Friday, hitting $55.07. 18,551 shares of the stock traded hands, compared to its average volume of 19,720. The company has a market capitalization of $542.94, a price-to-earnings ratio of 16.58, a P/E/G ratio of 2.29 and a beta of 0.48. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. Nicolet Bankshares has a fifty-two week low of $45.00 and a fifty-two week high of $61.98.
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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.
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