BidaskClub upgraded shares of Nicolet Bankshares (NASDAQ:NCBS) from a strong sell rating to a sell rating in a research note issued to investors on Saturday.
A number of other equities analysts have also issued reports on the stock. Hovde Group reaffirmed a hold rating and set a $60.00 target price on shares of Nicolet Bankshares in a research report on Monday, August 6th. Zacks Investment Research raised shares of Nicolet Bankshares from a hold rating to a buy rating and set a $62.00 price target on the stock in a report on Saturday, July 21st. Finally, ValuEngine lowered shares of Nicolet Bankshares from a hold rating to a sell rating in a report on Monday, September 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Nicolet Bankshares currently has an average rating of Hold and a consensus price target of $60.42.
Shares of NCBS stock opened at $54.23 on Friday. Nicolet Bankshares has a 1 year low of $51.22 and a 1 year high of $61.33. The firm has a market cap of $525.66 million, a P/E ratio of 15.86, a P/E/G ratio of 1.96 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.92.
Nicolet Bankshares (NASDAQ:NCBS) last announced its earnings results on Tuesday, July 17th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.11. Nicolet Bankshares had a net margin of 24.13% and a return on equity of 10.62%. The business had revenue of $36.04 million for the quarter, compared to analyst estimates of $34.70 million. Analysts predict that Nicolet Bankshares will post 3.97 EPS for the current year.
In other Nicolet Bankshares news, Director Thomas L. Herlache sold 870 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $55.06, for a total value of $47,902.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 16.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Citigroup Inc. increased its holdings in Nicolet Bankshares by 103.5% in the 1st quarter. Citigroup Inc. now owns 2,585 shares of the bank’s stock valued at $143,000 after buying an additional 1,315 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Nicolet Bankshares by 5.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,942 shares of the bank’s stock worth $2,257,000 after purchasing an additional 2,261 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Nicolet Bankshares by 0.7% in the 2nd quarter. BlackRock Inc. now owns 450,597 shares of the bank’s stock worth $24,832,000 after purchasing an additional 3,172 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Nicolet Bankshares by 17.6% in the 2nd quarter. First Trust Advisors LP now owns 21,500 shares of the bank’s stock worth $1,185,000 after purchasing an additional 3,217 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Nicolet Bankshares in the 1st quarter worth about $208,000. 32.55% of the stock is currently owned by hedge funds and other institutional investors.
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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