Nicolet Bankshares (NASDAQ:NCBS) Rating Lowered to Sell at ValuEngine

Nicolet Bankshares (NASDAQ:NCBS) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

Other equities research analysts have also issued research reports about the stock. Maxim Group restated a “buy” rating and issued a $71.00 price target on shares of Nicolet Bankshares in a report on Thursday, July 18th. Zacks Investment Research upgraded shares of Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Thursday, July 25th. Finally, BidaskClub lowered shares of Nicolet Bankshares from a “hold” rating to a “sell” rating in a report on Saturday, July 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Nicolet Bankshares presently has an average rating of “Hold” and a consensus price target of $67.33.

NCBS traded down $0.70 on Thursday, reaching $63.91. 19,199 shares of the company traded hands, compared to its average volume of 33,370. Nicolet Bankshares has a one year low of $46.02 and a one year high of $67.06. The firm has a fifty day moving average price of $63.05. The firm has a market capitalization of $604.59 million, a P/E ratio of 15.51, a P/E/G ratio of 1.79 and a beta of 0.83. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19.

Nicolet Bankshares (NASDAQ:NCBS) last posted its quarterly earnings results on Tuesday, July 16th. The bank reported $1.36 EPS for the quarter, beating the consensus estimate of $1.09 by $0.27. Nicolet Bankshares had a net margin of 28.06% and a return on equity of 11.63%. The business had revenue of $47.50 million during the quarter, compared to analyst estimates of $37.90 million. Equities research analysts expect that Nicolet Bankshares will post 5.24 earnings per share for the current year.

In other news, Chairman Robert Bruce Atwell sold 6,810 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.32, for a total value of $417,589.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael E. Daniels sold 23,175 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $61.00, for a total transaction of $1,413,675.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,197 shares of company stock valued at $2,172,595. Company insiders own 17.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Chicago Equity Partners LLC acquired a new stake in Nicolet Bankshares in the second quarter valued at $398,000. Swiss National Bank lifted its holdings in Nicolet Bankshares by 1.9% in the second quarter. Swiss National Bank now owns 15,900 shares of the bank’s stock valued at $987,000 after acquiring an additional 300 shares during the period. Aperio Group LLC acquired a new stake in Nicolet Bankshares in the second quarter valued at $49,000. Bessemer Group Inc. lifted its holdings in Nicolet Bankshares by 9.6% in the second quarter. Bessemer Group Inc. now owns 22,800 shares of the bank’s stock valued at $1,415,000 after acquiring an additional 2,000 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Nicolet Bankshares by 47.6% in the first quarter. Acadian Asset Management LLC now owns 20,380 shares of the bank’s stock valued at $1,214,000 after acquiring an additional 6,575 shares during the period. 36.16% of the stock is currently owned by hedge funds and other 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.

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