Nicolet Bankshares (NASDAQ:NCBS) Posts Earnings Results, Beats Expectations By $0.05 EPS

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Nicolet Bankshares (NASDAQ:NCBS) issued its quarterly earnings results on Tuesday. The bank reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.05, Fidelity Earnings reports. The business had revenue of $43.78 million for the quarter. Nicolet Bankshares had a return on equity of 11.91% and a net margin of 28.47%.

Shares of NCBS opened at $72.60 on Friday. The stock has a 50 day simple moving average of $73.19 and a 200 day simple moving average of $68.19. Nicolet Bankshares has a 52-week low of $52.50 and a 52-week high of $75.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market capitalization of $671.48 million, a PE ratio of 13.10 and a beta of 0.85.

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

In other news, CEO Robert Bruce Atwell sold 18,105 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was 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 stock was sold at an average price of $70.58, for a total value of $763,534.44. Company insiders own 17.40% 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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Earnings History for Nicolet Bankshares (NASDAQ:NCBS)

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