Nicolet Bankshares (NASDAQ:NCBS) Downgraded by BidaskClub

BidaskClub downgraded shares of Nicolet Bankshares (NASDAQ:NCBS) from a hold rating to a sell rating in a report published on Monday, BidAskClub reports.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Nicolet Bankshares from a hold rating to a buy rating and set a $66.00 price target on the stock in a report on Wednesday, April 24th. Maxim Group boosted their price target on shares of Nicolet Bankshares to $66.00 and gave the company a buy rating in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $64.00.

NCBS stock opened at $61.13 on Monday. Nicolet Bankshares has a 52-week low of $46.02 and a 52-week high of $63.37. The company’s 50 day moving average price is $60.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $580.69 million, a price-to-earnings ratio of 14.84, a P/E/G ratio of 1.93 and a beta of 0.84.

Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings results on Tuesday, April 16th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. Nicolet Bankshares had a net margin of 24.87% and a return on equity of 10.86%. The business had revenue of $36.66 million for the quarter, compared to analyst estimates of $36.10 million. Equities research analysts predict that Nicolet Bankshares will post 4.55 EPS for the current fiscal year.

In other news, EVP Eric James Witczak sold 1,680 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $62.11, for a total transaction of $104,344.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ann Kuchera Lawson sold 1,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $60.86, for a total transaction of $60,860.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,485 shares of company stock worth $2,046,587. 17.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of NCBS. Legacy Private Trust Co. bought a new stake in shares of Nicolet Bankshares during the 1st quarter worth $1,551,000. Dimensional Fund Advisors LP boosted its holdings in shares of Nicolet Bankshares by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 165,079 shares of the bank’s stock worth $8,056,000 after buying an additional 14,104 shares during the period. Martingale Asset Management L P boosted its holdings in shares of Nicolet Bankshares by 34.6% during the 1st quarter. Martingale Asset Management L P now owns 51,309 shares of the bank’s stock worth $3,059,000 after buying an additional 13,198 shares during the period. BlackRock Inc. boosted its holdings in shares of Nicolet Bankshares by 2.4% during the 4th quarter. BlackRock Inc. now owns 469,498 shares of the bank’s stock worth $22,912,000 after buying an additional 10,979 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Nicolet Bankshares by 29.0% during the 4th quarter. Bank of New York Mellon Corp now owns 45,073 shares of the bank’s stock worth $2,200,000 after buying an additional 10,128 shares during the period. 36.14% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Are sell-side analysts objective?

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