Nicolet Bankshares (NCBS) Coverage Initiated by Analysts at DA Davidson
A number of other analysts have also commented on the company. BidaskClub lowered Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered Nicolet Bankshares from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Maxim Group lifted their price target on Nicolet Bankshares from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Nicolet Bankshares presently has an average rating of “Hold” and a consensus price target of $64.00.
Nicolet Bankshares (NASDAQ:NCBS) traded down $1.12 during trading on Thursday, reaching $56.52. The company’s stock had a trading volume of 18,357 shares, compared to its average volume of 20,527. Nicolet Bankshares has a 1 year low of $44.00 and a 1 year high of $61.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $566.04, a PE ratio of 18.57 and a beta of 1.70.
Nicolet Bankshares (NASDAQ:NCBS) last released its earnings results on Tuesday, October 17th. The bank reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.10. Nicolet Bankshares had a return on equity of 9.45% and a net margin of 22.63%. The firm had revenue of $35.25 million for the quarter.
In other news, Director Michael J. Gilson sold 2,286 shares of Nicolet Bankshares stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $58.00, for a total transaction of $132,588.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael E. Daniels sold 24,239 shares of Nicolet Bankshares stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $56.43, for a total value of $1,367,806.77. The disclosure for this sale can be found here. Insiders have sold 46,164 shares of company stock worth $2,608,624 over the last three months. Insiders own 13.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of NCBS. Banc Funds Co. LLC lifted its stake in shares of Nicolet Bankshares by 41.3% in the second quarter. Banc Funds Co. LLC now owns 372,262 shares of the bank’s stock worth $20,366,000 after acquiring an additional 108,751 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Nicolet Bankshares by 52.2% in the second quarter. The Manufacturers Life Insurance Company now owns 124,648 shares of the bank’s stock worth $6,820,000 after acquiring an additional 42,732 shares during the period. Systematic Financial Management LP lifted its stake in shares of Nicolet Bankshares by 63.3% in the second quarter. Systematic Financial Management LP now owns 58,020 shares of the bank’s stock worth $3,174,000 after acquiring an additional 22,485 shares during the period. Vanguard Group Inc. lifted its stake in shares of Nicolet Bankshares by 8.5% in the second quarter. Vanguard Group Inc. now owns 277,358 shares of the bank’s stock worth $15,174,000 after acquiring an additional 21,826 shares during the period. Finally, State Street Corp lifted its stake in shares of Nicolet Bankshares by 18.6% in the second quarter. State Street Corp now owns 138,922 shares of the bank’s stock worth $7,599,000 after acquiring an additional 21,747 shares during the period. 35.42% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Nicolet Bankshares (NCBS) Coverage Initiated by Analysts at DA Davidson” was first published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/12/14/nicolet-bankshares-ncbs-coverage-initiated-by-analysts-at-da-davidson.html.
Nicolet Bankshares Company Profile
Nicolet Bankshares, Inc is a bank holding company. The Company conducts operations through its subsidiary, Nicolet National Bank (the Bank), which is a commercial bank. The Company also owns investment advisory firms, Brookfield Investment Partners, LLC, which provides investment strategy and transactional services to select community banks, and Nicolet Advisory Services, LLC, which conducts brokerage and financial advisory services primarily to individual consumers.
Receive News & Ratings for Nicolet Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nicolet Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.