Nicolet Bankshares (NCBS) Upgraded to “Hold” at BidaskClub

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

Other analysts also recently issued reports about the company. Maxim Group reissued a buy rating and set a $65.00 price objective on shares of Nicolet Bankshares in a research report on Thursday, January 18th. Sandler O’Neill reaffirmed a hold rating and issued a $58.50 target price on shares of Nicolet Bankshares in a research report on Wednesday, January 3rd. Zacks Investment Research raised Nicolet Bankshares from a sell rating to a hold rating in a research report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods initiated coverage on Nicolet Bankshares in a research report on Wednesday, April 11th. They issued a market perform rating and a $56.00 target price for the company. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $61.25.

Shares of NASDAQ:NCBS opened at $56.82 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market cap of $554.13, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. Nicolet Bankshares has a 12-month low of $47.70 and a 12-month high of $61.98.

Nicolet Bankshares (NASDAQ:NCBS) last issued its quarterly earnings data on Tuesday, April 17th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.14. The firm had revenue of $35.70 million during the quarter, compared to the consensus estimate of $34.10 million. Nicolet Bankshares had a return on equity of 10.40% and a net margin of 24.09%. sell-side analysts forecast that Nicolet Bankshares will post 3.67 EPS for the current year.

In other Nicolet Bankshares news, Director Thomas L. Herlache sold 858 shares of Nicolet Bankshares stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $56.00, for a total value of $48,048.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Patrick Joseph Madson sold 2,200 shares of Nicolet Bankshares stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $55.84, for a total value of $122,848.00. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in NCBS. Bowling Portfolio Management LLC purchased a new position in shares of Nicolet Bankshares in the 4th quarter valued at about $1,530,000. Dimensional Fund Advisors LP boosted its stake 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 valued at $2,999,000 after buying an additional 20,932 shares during the period. Swiss National Bank purchased a new position in shares of Nicolet Bankshares in the 4th quarter valued at about $827,000. BlackRock Inc. boosted its stake in shares of Nicolet Bankshares by 3.2% in the 4th quarter. BlackRock Inc. now owns 450,127 shares of the bank’s stock valued at $24,640,000 after buying an additional 14,039 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Nicolet Bankshares by 43.7% in the 4th quarter. Deutsche Bank AG now owns 36,158 shares of the bank’s stock valued at $1,977,000 after buying an additional 10,992 shares during the period. Institutional investors and hedge funds own 33.90% 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.

Analyst Recommendations for Nicolet Bankshares (NASDAQ:NCBS)

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