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

NCBS has been the topic of several other research reports. Zacks Investment Research downgraded Nicolet Bankshares from a hold rating to a sell rating in a report on Thursday, January 18th. Sandler O’Neill restated a hold rating and set a $58.50 price target on shares of Nicolet Bankshares in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods initiated coverage on Nicolet Bankshares in a report on Wednesday, April 11th. They set a market perform rating and a $56.00 price target on the stock. Finally, Maxim Group restated a buy rating and set a $65.00 price target on shares of Nicolet Bankshares in a report on Thursday, January 18th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Nicolet Bankshares has a consensus rating of Hold and a consensus price target of $61.25.

Shares of NASDAQ NCBS opened at $55.91 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.08. Nicolet Bankshares has a 1-year low of $47.70 and a 1-year high of $61.98. The stock has a market cap of $551.80, a price-to-earnings ratio of 16.35, a P/E/G ratio of 2.20 and a beta of 0.96.

Nicolet Bankshares (NASDAQ:NCBS) last issued its quarterly earnings results on Tuesday, April 17th. The bank reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.14. Nicolet Bankshares had a return on equity of 10.40% and a net margin of 24.09%. The company had revenue of $35.70 million for the quarter, compared to the consensus estimate of $34.10 million. research analysts expect that Nicolet Bankshares will post 3.67 earnings per share for the current fiscal year.

In other news, SVP Patrick Joseph Madson sold 2,200 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $55.84, for a total value of $122,848.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas L. Herlache sold 858 shares of the stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $56.00, for a total value of $48,048.00. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new position in shares of Nicolet Bankshares in the 4th quarter valued at about $241,000. Millennium Management LLC purchased a new position in shares of Nicolet Bankshares in the 4th quarter valued at about $487,000. Two Sigma Investments LP increased its holdings in shares of Nicolet Bankshares by 27.2% in the 4th quarter. Two Sigma Investments LP now owns 8,596 shares of the bank’s stock valued at $471,000 after acquiring an additional 1,839 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Nicolet Bankshares by 43.7% in the 4th quarter. Deutsche Bank AG now owns 36,158 shares of the bank’s stock valued at $1,977,000 after acquiring an additional 10,992 shares during the last quarter. Finally, Jefferies Group LLC purchased a new position in shares of Nicolet Bankshares in the 4th quarter valued at about $212,000. Institutional investors and hedge funds own 33.90% of the company’s stock.

About Nicolet Bankshares

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.

Analyst Recommendations for Nicolet Bankshares (NASDAQ:NCBS)

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