Nicolet Bankshares (NASDAQ:NCBS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Monday, BidAskClub reports.

A number of other brokerages also recently weighed in on NCBS. Zacks Investment Research downgraded Nicolet Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Maxim Group increased their price objective on Nicolet Bankshares to $66.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Nicolet Bankshares presently has an average rating of “Hold” and an average target price of $64.00.

Shares of NCBS opened at $61.84 on Monday. The firm has a market cap of $576.53 million, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 1.91 and a beta of 0.83. Nicolet Bankshares has a fifty-two week low of $46.02 and a fifty-two week high of $63.37. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $60.58.

Nicolet Bankshares (NASDAQ:NCBS) last issued its earnings results on Tuesday, April 16th. The bank reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $36.66 million for the quarter, compared to the consensus estimate of $36.10 million. Nicolet Bankshares had a return on equity of 10.86% and a net margin of 24.87%. On average, equities analysts predict that Nicolet Bankshares will post 4.55 earnings per share for the current year.

In related news, EVP Eric James Witczak sold 1,680 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $62.11, for a total value of $104,344.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Robert Bruce Atwell sold 6,810 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.32, for a total value of $417,589.20. The disclosure for this sale can be found here. Insiders sold 33,485 shares of company stock worth $2,046,587 in the last 90 days. 17.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in NCBS. Legal & General Group Plc increased its holdings in Nicolet Bankshares by 28.7% in the fourth quarter. Legal & General Group Plc now owns 1,642 shares of the bank’s stock worth $80,000 after buying an additional 366 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Nicolet Bankshares by 34.6% in the first quarter. Meeder Asset Management Inc. now owns 1,487 shares of the bank’s stock worth $89,000 after buying an additional 382 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Nicolet Bankshares by 413.5% in the first quarter. BNP Paribas Arbitrage SA now owns 1,633 shares of the bank’s stock worth $97,000 after buying an additional 1,315 shares during the last quarter. SG Americas Securities LLC acquired a new position in Nicolet Bankshares in the first quarter worth approximately $121,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in Nicolet Bankshares by 320.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,887 shares of the bank’s stock worth $141,000 after buying an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 36.14% 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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