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

Other analysts have also recently 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 $62.00 price objective for the company in a research report on Saturday, July 21st. Hovde Group restated a hold rating and issued a $60.00 price objective on shares of Nicolet Bankshares in a research report on Monday, August 6th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Nicolet Bankshares has a consensus rating of Hold and an average target price of $60.42.

NCBS stock opened at $53.58 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market capitalization of $525.56 million, a PE ratio of 14.34, a P/E/G ratio of 1.96 and a beta of 0.88. Nicolet Bankshares has a twelve month low of $51.21 and a twelve month high of $61.98.

Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings data on Tuesday, July 17th. The bank reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.11. Nicolet Bankshares had a net margin of 24.13% and a return on equity of 10.62%. The business had revenue of $36.04 million during the quarter, compared to analysts’ expectations of $34.70 million. analysts expect that Nicolet Bankshares will post 3.97 earnings per share for the current fiscal year.

In related news, Director Thomas L. Herlache sold 870 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $55.06, for a total value of $47,902.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 16.40% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. increased its holdings in Nicolet Bankshares by 103.5% during the 1st quarter. Citigroup Inc. now owns 2,585 shares of the bank’s stock worth $143,000 after purchasing an additional 1,315 shares in the last quarter. Citadel Advisors LLC bought a new position in Nicolet Bankshares during the 1st quarter worth about $208,000. US Bancorp DE increased its holdings in Nicolet Bankshares by 1,294.9% during the 1st quarter. US Bancorp DE now owns 4,338 shares of the bank’s stock worth $239,000 after purchasing an additional 4,027 shares in the last quarter. GSA Capital Partners LLP bought a new position in Nicolet Bankshares during the 1st quarter worth about $452,000. Finally, Millennium Management LLC bought a new position in Nicolet Bankshares during the 4th quarter worth about $487,000. Hedge funds and other institutional investors own 32.56% 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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Analyst Recommendations for Nicolet Bankshares (NASDAQ:NCBS)

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