BidaskClub upgraded shares of Nicolet Bankshares (NASDAQ:NCBS) from a sell rating to a hold rating in a report issued on Friday morning, BidAskClub reports.
A number of other equities analysts have also issued reports on NCBS. Maxim Group reissued a buy rating and issued a $71.00 price objective on shares of Nicolet Bankshares in a report on Thursday, July 18th. Zacks Investment Research raised Nicolet Bankshares from a hold rating to a buy rating and set a $71.00 price objective for the company in a report on Thursday, July 25th. Finally, ValuEngine lowered Nicolet Bankshares from a hold rating to a sell rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $67.33.
Shares of Nicolet Bankshares stock traded down $1.66 on Friday, reaching $62.25. 173 shares of the company were exchanged, compared to its average volume of 35,049. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50-day moving average price of $63.05. The stock has a market capitalization of $604.72 million, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.74 and a beta of 0.83. Nicolet Bankshares has a 1-year low of $46.02 and a 1-year high of $67.06.
Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings results on Tuesday, July 16th. The bank reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.27. The business had revenue of $47.50 million for the quarter, compared to analysts’ expectations of $37.90 million. Nicolet Bankshares had a return on equity of 11.63% and a net margin of 28.06%. Research analysts forecast that Nicolet Bankshares will post 5.24 earnings per share for the current year.
In related news, EVP Michael E. Daniels sold 23,175 shares of Nicolet Bankshares stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $61.00, for a total transaction of $1,413,675.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Eric James Witczak sold 3,712 shares of Nicolet Bankshares stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $66.37, for a total value of $246,365.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,197 shares of company stock worth $2,172,595. 17.40% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in shares of Nicolet Bankshares by 13.7% in the second quarter. Meeder Asset Management Inc. now owns 1,690 shares of the bank’s stock worth $105,000 after purchasing an additional 203 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Nicolet Bankshares in the second quarter worth about $398,000. Swiss National Bank grew its stake in Nicolet Bankshares by 1.9% during the second quarter. Swiss National Bank now owns 15,900 shares of the bank’s stock valued at $987,000 after acquiring an additional 300 shares in the last quarter. Aperio Group LLC purchased a new position in Nicolet Bankshares during the second quarter valued at approximately $49,000. Finally, Bessemer Group Inc. grew its stake in Nicolet Bankshares by 9.6% during the second quarter. Bessemer Group Inc. now owns 22,800 shares of the bank’s stock valued at $1,415,000 after acquiring an additional 2,000 shares in the last quarter. 36.10% of the stock is currently owned by institutional investors and hedge funds.
Nicolet Bankshares Company Profile
Nicolet Bankshares, Inc operates as the holding company for Nicolet National Bank that provides commercial and retail banking services for businesses and individuals. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.
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