Nicolet Bankshares Inc (NASDAQ:NCBS) SVP Patrick Joseph Madson sold 2,200 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $55.84, for a total value of $122,848.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Nicolet Bankshares Inc (NASDAQ:NCBS) opened at $55.93 on Friday. The company has a market capitalization of $544.88, a PE ratio of 16.45, a PEG ratio of 2.36 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.08. Nicolet Bankshares Inc has a twelve month low of $45.00 and a twelve month high of $61.98.
Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings data on Tuesday, January 16th. The bank reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.10. The company had revenue of $35.13 million for the quarter, compared to the consensus estimate of $35.90 million. Nicolet Bankshares had a return on equity of 9.98% and a net margin of 23.38%. equities research analysts anticipate that Nicolet Bankshares Inc will post 3.39 earnings per share for the current year.
NCBS has been the topic of several recent analyst reports. Maxim Group reiterated a “buy” rating and set a $65.00 target price on shares of Nicolet Bankshares in a research report on Thursday, January 18th. Zacks Investment Research upgraded Nicolet Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Sandler O’Neill reiterated a “hold” rating and set a $58.50 target price on shares of Nicolet Bankshares in a research report on Wednesday, January 3rd. ValuEngine downgraded Nicolet Bankshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, DA Davidson initiated coverage on Nicolet Bankshares in a research report on Thursday, December 14th. They set a “neutral” rating and a $61.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.88.
Several institutional investors have recently added to or reduced their stakes in NCBS. Bowling Portfolio Management LLC purchased a new position in shares of Nicolet Bankshares in the 4th quarter worth about $1,530,000. Vanguard Group Inc. raised its holdings in shares of Nicolet Bankshares by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 277,358 shares of the bank’s stock worth $15,174,000 after purchasing an additional 21,826 shares during the period. State Street Corp raised its holdings in shares of Nicolet Bankshares by 18.6% in the 2nd quarter. State Street Corp now owns 138,922 shares of the bank’s stock worth $7,599,000 after purchasing an additional 21,747 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Nicolet Bankshares by 67.1% in the 3rd 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, Northern Trust Corp raised its holdings in shares of Nicolet Bankshares by 23.7% in the 2nd quarter. Northern Trust Corp now owns 96,661 shares of the bank’s stock worth $5,288,000 after purchasing an additional 18,551 shares during the period. Institutional investors own 33.95% of the company’s stock.
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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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