Nicolet Bankshares Inc (NCBS) EVP Michael E. Daniels Sells 23,175 Shares

Nicolet Bankshares Inc (NASDAQ:NCBS) EVP Michael E. Daniels sold 23,175 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $61.00, for a total value of $1,413,675.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NCBS stock opened at $60.70 on Wednesday. The company has a market capitalization of $577.19 million, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.92 and a beta of 0.84. Nicolet Bankshares Inc has a fifty-two week low of $46.02 and a fifty-two week high of $63.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93.

Nicolet Bankshares (NASDAQ:NCBS) last issued its quarterly earnings data on Tuesday, April 16th. The bank reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The firm had revenue of $36.66 million for the quarter, compared to analyst estimates of $36.10 million. Nicolet Bankshares had a return on equity of 10.86% and a net margin of 24.87%. Research analysts forecast that Nicolet Bankshares Inc will post 4.55 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Nicolet Bankshares from a “sell” rating to a “hold” rating in a research report on Monday. Zacks Investment Research upgraded Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Wednesday, April 24th. Finally, Maxim Group lifted their price objective on Nicolet Bankshares to $66.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Nicolet Bankshares has a consensus rating of “Hold” and an average target price of $64.00.

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Nicolet Bankshares by 13.8% during the 1st quarter. Geode Capital Management LLC now owns 88,375 shares of the bank’s stock worth $5,267,000 after purchasing an additional 10,722 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Nicolet Bankshares by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 44,002 shares of the bank’s stock worth $2,623,000 after purchasing an additional 2,431 shares during the period. Renaissance Technologies LLC increased its holdings in Nicolet Bankshares by 9.6% during the 1st quarter. Renaissance Technologies LLC now owns 66,090 shares of the bank’s stock worth $3,939,000 after purchasing an additional 5,800 shares during the period. Swiss National Bank increased its holdings in Nicolet Bankshares by 3.3% during the 1st quarter. Swiss National Bank now owns 15,600 shares of the bank’s stock worth $930,000 after purchasing an additional 500 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Nicolet Bankshares by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 189,522 shares of the bank’s stock worth $11,295,000 after purchasing an additional 24,443 shares during the period. Hedge funds and other institutional investors own 35.86% of the company’s stock.

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About Nicolet Bankshares

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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