Nicolet Bankshares (NASDAQ:NCBS) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Nicolet Bankshares (NASDAQ:NCBS) from a sell rating to a hold rating in a report issued on Thursday morning, BidAskClub reports.

Other analysts also recently issued research reports about the stock. DA Davidson lifted their price target 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. ValuEngine downgraded shares of Nicolet Bankshares from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of Nicolet Bankshares from a strong sell rating to a hold rating and set a $77.00 price target for the company in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $71.67.

Nicolet Bankshares stock opened at $72.46 on Thursday. The company has a 50 day moving average price of $69.55 and a 200-day moving average price of $64.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.93. Nicolet Bankshares has a fifty-two week low of $46.02 and a fifty-two week high of $73.62. The company has a market capitalization of $678.59 million, a PE ratio of 14.76 and a beta of 0.85.

Nicolet Bankshares (NASDAQ:NCBS) last posted its quarterly earnings results on Tuesday, October 15th. The bank reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.22. Nicolet Bankshares had a net margin of 28.83% and a return on equity of 11.75%. The firm had revenue of $41.50 million during the quarter.

In related news, EVP Michael E. Daniels sold 5,000 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $68.15, for a total transaction of $340,750.00. Also, CEO Robert Bruce Atwell sold 18,105 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $70.58, for a total transaction of $1,277,850.90. Insiders have sold 33,923 shares of company stock valued at $2,382,135 in the last ninety days. Insiders own 17.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of NCBS. Aperio Group LLC purchased a new position in Nicolet Bankshares during the second quarter valued at approximately $49,000. Swiss National Bank increased its holdings in Nicolet Bankshares by 1.9% during the second quarter. Swiss National Bank now owns 15,900 shares of the bank’s stock valued at $987,000 after buying an additional 300 shares during the period. Chicago Equity Partners LLC purchased a new position in Nicolet Bankshares during the second quarter valued at approximately $398,000. Meeder Asset Management Inc. increased its holdings in Nicolet Bankshares by 13.7% during the second quarter. Meeder Asset Management Inc. now owns 1,690 shares of the bank’s stock valued at $105,000 after buying an additional 203 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI increased its holdings in Nicolet Bankshares by 7.8% during the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 6,929 shares of the bank’s stock valued at $430,000 after buying an additional 500 shares during the period. 40.70% of the stock is currently owned by institutional investors.

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.

Read More: What is a short straddle?

Receive News & Ratings for Nicolet Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nicolet Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.