Nicolet Bankshares (NCBS) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Nicolet Bankshares (NASDAQ:NCBS) from a sell rating to a hold rating in a report published on Tuesday morning.

NCBS has been the subject of several other research reports. ValuEngine downgraded Nicolet Bankshares from a buy rating to a hold rating in a report on Friday, December 1st. Maxim Group reaffirmed a buy rating and set a $65.00 price target on shares of Nicolet Bankshares in a report on Thursday, January 18th. DA Davidson began coverage on Nicolet Bankshares in a research report on Thursday, December 14th. They set a neutral rating and a $61.00 price objective on the stock. Zacks Investment Research upgraded Nicolet Bankshares from a sell rating to a hold rating in a research report on Wednesday, February 14th. Finally, Sandler O’Neill reiterated a hold rating on shares of Nicolet Bankshares in a research report on Tuesday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $61.88.

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Shares of Nicolet Bankshares stock opened at $55.07 on Tuesday. Nicolet Bankshares has a 1 year low of $45.00 and a 1 year high of $61.98. The firm has a market cap of $536.50, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.89.

Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings results on Tuesday, January 16th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.10. Nicolet Bankshares had a return on equity of 9.98% and a net margin of 23.38%. The business had revenue of $35.13 million during the quarter, compared to the consensus estimate of $35.90 million. sell-side analysts forecast that Nicolet Bankshares will post 3.39 EPS for the current fiscal year.

In other Nicolet Bankshares news, SVP Patrick Joseph Madson sold 2,200 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $55.84, for a total transaction of $122,848.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 16.40% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new position in Nicolet Bankshares during the 4th quarter worth $241,000. Millennium Management LLC bought a new position in Nicolet Bankshares during the 4th quarter worth $487,000. Two Sigma Investments LP increased its position in Nicolet Bankshares by 27.2% during the 4th quarter. Two Sigma Investments LP now owns 8,596 shares of the bank’s stock worth $471,000 after buying an additional 1,839 shares during the period. Deutsche Bank AG increased its position in Nicolet Bankshares by 43.7% during the 4th quarter. Deutsche Bank AG now owns 36,158 shares of the bank’s stock worth $1,977,000 after buying an additional 10,992 shares during the period. Finally, Jefferies Group LLC bought a new position in Nicolet Bankshares during the 4th quarter worth $212,000. Hedge funds and other institutional investors own 34.16% of the company’s stock.

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Nicolet Bankshares Company Profile

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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