Nicolet Bankshares Inc (NASDAQ:NCBS) – Equities research analysts at DA Davidson issued their Q1 2019 earnings per share (EPS) estimates for Nicolet Bankshares in a research note issued to investors on Thursday, October 18th. DA Davidson analyst K. Reevey anticipates that the bank will earn $0.94 per share for the quarter. DA Davidson also issued estimates for Nicolet Bankshares’ Q2 2019 earnings at $1.00 EPS, Q3 2019 earnings at $1.13 EPS, Q4 2019 earnings at $1.01 EPS and FY2020 earnings at $4.28 EPS.

Nicolet Bankshares (NASDAQ:NCBS) last released its earnings results on Tuesday, October 16th. The bank reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.13. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 24.34%. The firm had revenue of $37.59 million for the quarter, compared to analysts’ expectations of $37.20 million.

A number of other research firms have also recently commented on NCBS. BidaskClub raised Nicolet Bankshares from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Zacks Investment Research raised Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Saturday, July 21st. Hovde Group reissued a “hold” rating and issued a $60.00 target price on shares of Nicolet Bankshares in a research note on Monday, August 6th. Finally, ValuEngine cut Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $60.42.

NASDAQ NCBS opened at $54.38 on Friday. Nicolet Bankshares has a 12 month low of $49.02 and a 12 month high of $59.47. The firm has a market capitalization of $529.23 million, a PE ratio of 13.79, a P/E/G ratio of 1.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.92.

Large investors have recently made changes to their positions in the company. Citigroup Inc. lifted its holdings in shares of Nicolet Bankshares by 103.5% during the first quarter. Citigroup Inc. now owns 2,585 shares of the bank’s stock valued at $143,000 after purchasing an additional 1,315 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Nicolet Bankshares during the first quarter valued at $208,000. GSA Capital Partners LLP bought a new position in shares of Nicolet Bankshares during the first quarter valued at $452,000. Bessemer Group Inc. lifted its holdings in shares of Nicolet Bankshares by 145.5% during the second quarter. Bessemer Group Inc. now owns 10,800 shares of the bank’s stock valued at $595,000 after purchasing an additional 6,400 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Nicolet Bankshares by 135.7% during the second quarter. Bank of America Corp DE now owns 10,929 shares of the bank’s stock valued at $602,000 after purchasing an additional 6,293 shares in the last quarter. 32.55% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Thomas L. Herlache sold 870 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $55.06, for a total transaction of $47,902.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.40% 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 and Estimates for Nicolet Bankshares (NASDAQ:NCBS)

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