Bank of Montreal Can purchased a new position in shares of Nicolet Bankshares Inc (NASDAQ:NCBS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,378 shares of the bank’s stock, valued at approximately $458,000. Bank of Montreal Can owned 0.09% of Nicolet Bankshares as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Legacy Private Trust Co. raised its stake in Nicolet Bankshares by 6.1% during the fourth quarter. Legacy Private Trust Co. now owns 29,726 shares of the bank’s stock worth $1,627,000 after purchasing an additional 1,700 shares during the period. California Public Employees Retirement System purchased a new position in Nicolet Bankshares during the third quarter worth approximately $495,000. OxFORD Asset Management LLP purchased a new position in Nicolet Bankshares during the third quarter worth approximately $374,000. Dimensional Fund Advisors LP raised its stake in Nicolet Bankshares by 67.1% during the third quarter. Dimensional Fund Advisors LP now owns 52,133 shares of the bank’s stock worth $2,999,000 after purchasing an additional 20,932 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Nicolet Bankshares by 21.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 31,359 shares of the bank’s stock worth $1,805,000 after purchasing an additional 5,543 shares during the period. 33.06% of the stock is currently owned by institutional investors.
NCBS has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub downgraded shares of Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. DA Davidson started coverage on shares of Nicolet Bankshares in a research note on Thursday, December 14th. They issued a “neutral” rating and a $61.00 target price on the stock. Sandler O’Neill reissued a “hold” rating and issued a $58.50 target price on shares of Nicolet Bankshares in a research note on Wednesday, January 3rd. Finally, Maxim Group reissued a “buy” rating and issued a $65.00 target price on shares of Nicolet Bankshares in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $61.88.
In other news, SVP Patrick Joseph Madson sold 1,027 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $57.65, for a total value of $59,206.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael J. Gilson sold 2,286 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $58.00, for a total transaction of $132,588.00. The disclosure for this sale can be found here. Company insiders own 13.90% of the company’s stock.
Nicolet Bankshares Inc (NASDAQ:NCBS) opened at $53.79 on Thursday. Nicolet Bankshares Inc has a one year low of $45.00 and a one year high of $61.98. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. The company has a market cap of $534.09, a price-to-earnings ratio of 16.25, a PEG ratio of 2.30 and a beta of 1.28.
Nicolet Bankshares (NASDAQ:NCBS) last issued its earnings results on Tuesday, January 16th. The bank reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.10. Nicolet Bankshares had a net margin of 23.38% and a return on equity of 10.22%. The business had revenue of $35.13 million for the quarter, compared to the consensus estimate of $35.90 million. sell-side analysts forecast that Nicolet Bankshares Inc will post 3.39 earnings per share for the current year.
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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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