Nicolet Bankshares (NASDAQ:NCBS) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Nicolet Bankshares (NASDAQ:NCBS) from a hold rating to a sell rating in a research note released on Saturday, BidAskClub reports.

NCBS has been the topic of several other research reports. DA Davidson upped their target price on shares of Nicolet Bankshares from $62.00 to $67.00 and gave the company a neutral rating in a research note on Thursday, October 17th. Zacks Investment Research upgraded shares of Nicolet Bankshares from a strong sell rating to a hold rating and set a $77.00 target price on the stock in a research note on Thursday, October 17th. Finally, ValuEngine cut shares of Nicolet Bankshares from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $71.67.

Nicolet Bankshares stock traded up $0.46 during mid-day trading on Friday, reaching $70.96. The stock had a trading volume of 22,821 shares, compared to its average volume of 23,428. The company has a market capitalization of $658.40 million, a price-to-earnings ratio of 17.22 and a beta of 0.85. The company has a 50-day moving average price of $68.29 and a two-hundred day moving average price of $64.26. Nicolet Bankshares has a one year low of $46.02 and a one year high of $71.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.93 and a quick ratio of 0.92.

Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings results on Tuesday, October 15th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.22. The company had revenue of $41.50 million for the quarter. Nicolet Bankshares had a net margin of 28.83% and a return on equity of 11.75%. On average, equities research analysts anticipate that Nicolet Bankshares will post 5.48 earnings per share for the current fiscal year.

In other Nicolet Bankshares news, EVP Michael E. Daniels sold 5,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $68.15, for a total transaction of $340,750.00. 17.40% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC lifted its stake in shares of Nicolet Bankshares by 37.7% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,300 shares of the bank’s stock worth $486,000 after purchasing an additional 2,000 shares during the period. First Trust Advisors LP lifted its stake in shares of Nicolet Bankshares by 17.3% in the 3rd quarter. First Trust Advisors LP now owns 23,456 shares of the bank’s stock worth $1,561,000 after purchasing an additional 3,457 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Nicolet Bankshares by 133.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 14,270 shares of the bank’s stock worth $950,000 after purchasing an additional 8,167 shares during the period. California Public Employees Retirement System bought a new position in shares of Nicolet Bankshares in the 3rd quarter worth approximately $397,000. Finally, Chicago Equity Partners LLC lifted its stake in shares of Nicolet Bankshares by 41.1% in the 3rd quarter. Chicago Equity Partners LLC now owns 9,045 shares of the bank’s stock worth $602,000 after purchasing an additional 2,635 shares during the period. Hedge funds and other institutional investors own 40.48% of the company’s stock.

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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