Nicolet Bankshares Inc (NCBS) Stake Boosted by Legacy Private Trust Co.
Legacy Private Trust Co. lifted its stake in Nicolet Bankshares Inc (NASDAQ:NCBS) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,726 shares of the bank’s stock after purchasing an additional 1,700 shares during the quarter. Legacy Private Trust Co. owned 0.30% of Nicolet Bankshares worth $1,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Banc Funds Co. LLC raised its position in shares of Nicolet Bankshares by 41.3% in the 2nd quarter. Banc Funds Co. LLC now owns 372,262 shares of the bank’s stock worth $20,366,000 after purchasing an additional 108,751 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Nicolet Bankshares by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 277,358 shares of the bank’s stock worth $15,174,000 after purchasing an additional 21,826 shares during the last quarter. State Street Corp raised its position in shares of Nicolet Bankshares by 18.6% in the 2nd quarter. State Street Corp now owns 138,922 shares of the bank’s stock worth $7,599,000 after purchasing an additional 21,747 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Nicolet Bankshares by 52.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 124,648 shares of the bank’s stock worth $6,820,000 after purchasing an additional 42,732 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Nicolet Bankshares by 23.7% in the 2nd quarter. Northern Trust Corp now owns 96,661 shares of the bank’s stock worth $5,288,000 after purchasing an additional 18,551 shares during the last quarter. 35.35% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Michael E. Daniels sold 24,239 shares of Nicolet Bankshares stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total value of $1,367,806.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert Bruce Atwell sold 19,639 shares of Nicolet Bankshares stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total value of $1,108,228.77. The disclosure for this sale can be found here. Insiders sold a total of 47,191 shares of company stock valued at $2,667,830 over the last quarter. 13.90% of the stock is owned by corporate insiders.
Several equities analysts have recently issued reports on NCBS shares. Maxim Group lifted their price target on Nicolet Bankshares from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. ValuEngine lowered Nicolet Bankshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Sandler O’Neill reaffirmed a “hold” rating and issued a $58.50 price target on shares of Nicolet Bankshares in a research report on Wednesday, January 3rd. DA Davidson started coverage on Nicolet Bankshares in a research report on Thursday, December 14th. They issued a “neutral” rating and a $61.00 price target for the company. Finally, BidaskClub lowered Nicolet Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $61.88.
Shares of Nicolet Bankshares Inc (NCBS) opened at $54.06 on Wednesday. Nicolet Bankshares Inc has a twelve month low of $45.00 and a twelve month high of $61.98. The company has a market capitalization of $547.71, a PE ratio of 17.38, a P/E/G ratio of 2.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.89.
Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings data on Tuesday, October 17th. The bank reported $0.91 EPS for the quarter, topping the 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 company had revenue of $35.25 million during the quarter. analysts predict that Nicolet Bankshares Inc will post 3.31 earnings per share for the current fiscal year.
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Nicolet Bankshares 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.
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