Nicolet Bankshares (NASDAQ:NCBS) Price Target Raised to $66.00 at Maxim Group

Nicolet Bankshares (NASDAQ:NCBS) had its target price boosted by equities research analysts at Maxim Group to $66.00 in a report released on Thursday, April 18th, The Fly reports. The brokerage presently has a “buy” rating on the bank’s stock. Maxim Group’s price target suggests a potential upside of 9.80% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. BidaskClub raised Nicolet Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. ValuEngine raised Nicolet Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Saturday, January 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $64.00.

NCBS stock traded down $1.55 during midday trading on Thursday, reaching $60.11. 12,798 shares of the company’s stock traded hands, compared to its average volume of 24,468. Nicolet Bankshares has a 1-year low of $46.02 and a 1-year high of $63.37. The stock has a market capitalization of $583.43 million, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.94 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.93.

Nicolet Bankshares (NASDAQ:NCBS) last released its earnings results on Tuesday, April 16th. The bank reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The company had revenue of $36.66 million during the quarter, compared to analysts’ expectations of $36.10 million. Nicolet Bankshares had a return on equity of 10.86% and a net margin of 24.87%. On average, equities analysts expect that Nicolet Bankshares will post 4.55 earnings per share for the current fiscal year.

In other Nicolet Bankshares news, CFO Ann Kuchera Lawson sold 1,000 shares of Nicolet Bankshares stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $60.86, for a total transaction of $60,860.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas L. Herlache sold 820 shares of Nicolet Bankshares stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $61.12, for a total value of $50,118.40. The disclosure for this sale can be found here. Insiders sold a total of 3,500 shares of company stock worth $215,323 over the last 90 days. 17.40% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its holdings in shares of Nicolet Bankshares by 34.6% in the first quarter. Meeder Asset Management Inc. now owns 1,487 shares of the bank’s stock valued at $89,000 after purchasing an additional 382 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Nicolet Bankshares by 413.5% in the first quarter. BNP Paribas Arbitrage SA now owns 1,633 shares of the bank’s stock valued at $97,000 after purchasing an additional 1,315 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Nicolet Bankshares by 28.7% in the fourth quarter. Legal & General Group Plc now owns 1,642 shares of the bank’s stock valued at $80,000 after purchasing an additional 366 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Nicolet Bankshares in the first quarter valued at about $121,000. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Nicolet Bankshares by 320.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,887 shares of the bank’s stock valued at $141,000 after purchasing an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 35.82% of the company’s stock.

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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