Nicolet Bankshares (NASDAQ:NCBS) Upgraded at BidaskClub

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

A number of other research analysts have also recently weighed in on NCBS. Zacks Investment Research upgraded shares of Nicolet Bankshares from a hold rating to a buy rating and set a $71.00 target price on the stock in a research note on Thursday, July 25th. ValuEngine cut shares of Nicolet Bankshares from a hold rating to a sell rating in a research note on Thursday, August 1st. Finally, Maxim Group reiterated a buy rating and issued a $71.00 target price on shares of Nicolet Bankshares in a research note on Thursday, July 18th.

Nicolet Bankshares stock traded down $0.15 during midday trading on Thursday, hitting $67.99. 23,611 shares of the stock were exchanged, compared to its average volume of 25,703. Nicolet Bankshares has a 52-week low of $46.02 and a 52-week high of $69.11. The stock has a market capitalization of $636.81 million, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 1.86 and a beta of 0.85. The business’s 50-day moving average price is $63.91 and its 200-day moving average price is $61.14. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.19.

Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings results on Tuesday, July 16th. The bank reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.27. Nicolet Bankshares had a net margin of 28.06% and a return on equity of 11.45%. The business had revenue of $47.50 million for the quarter, compared to analysts’ expectations of $37.90 million. On average, sell-side analysts predict that Nicolet Bankshares will post 5.24 earnings per share for the current fiscal year.

In other Nicolet Bankshares news, SVP Michael Joseph Vogel sold 1,500 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $63.31, for a total value of $94,965.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Eric James Witczak sold 3,712 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $66.37, for a total transaction of $246,365.44. The disclosure for this sale can be found here. 17.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCBS. Bank of America Corp DE boosted its stake in Nicolet Bankshares by 80.0% in the fourth quarter. Bank of America Corp DE now owns 6,175 shares of the bank’s stock valued at $302,000 after acquiring an additional 2,745 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 valued at $8,056,000 after buying an additional 14,104 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Nicolet Bankshares by 413.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,633 shares of the bank’s stock valued at $97,000 after buying an additional 1,315 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Nicolet Bankshares during the 1st quarter valued at approximately $121,000. Finally, Associated Banc Corp lifted its stake in shares of Nicolet Bankshares by 29.4% during the 1st quarter. Associated Banc Corp now owns 6,600 shares of the bank’s stock valued at $393,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

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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