Nicolet Bankshares (NASDAQ:NCBS) Releases Earnings Results, Beats Estimates By $0.05 EPS

Nicolet Bankshares (NASDAQ:NCBS) posted its quarterly earnings results on Tuesday. The bank reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.05, Fidelity Earnings reports. Nicolet Bankshares had a net margin of 28.83% and a return on equity of 11.75%. The business had revenue of $43.78 million for the quarter.

Shares of NASDAQ:NCBS opened at $70.95 on Wednesday. The stock has a market capitalization of $668.03 million, a PE ratio of 12.97 and a beta of 0.85. Nicolet Bankshares has a 1 year low of $52.50 and a 1 year high of $75.99. The firm has a fifty day moving average price of $73.11 and a 200 day moving average price of $68.10. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13.

In other Nicolet Bankshares news, CEO Robert Bruce Atwell sold 18,105 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $70.58, for a total transaction of $1,277,850.90. Also, EVP Michael E. Daniels sold 10,818 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $70.58, for a total transaction of $763,534.44. Corporate insiders own 17.40% of the company’s stock.

A number of research firms have recently weighed in on NCBS. Zacks Investment Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating and set a $77.00 price target on the stock in a research note on Thursday, October 17th. DA Davidson upped their price objective on shares of Nicolet Bankshares from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. BidaskClub cut shares of Nicolet Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Finally, ValuEngine cut shares of Nicolet Bankshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $71.67.

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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Earnings History for Nicolet Bankshares (NASDAQ:NCBS)

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