Shares of Nicolet Bankshares Inc (NASDAQ:NCBS) have received an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $60.80.

NCBS has been the topic of a number of research reports. Zacks Investment Research lowered Nicolet Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. BidaskClub upgraded Nicolet Bankshares from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Finally, Hovde Group restated a “hold” rating and set a $60.00 price objective on shares of Nicolet Bankshares in a research report on Monday, August 6th.

Shares of NCBS traded down $0.52 during midday trading on Monday, hitting $53.06. The company’s stock had a trading volume of 26,000 shares, compared to its average volume of 18,799. Nicolet Bankshares has a one year low of $51.22 and a one year high of $61.98. 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 cap of $525.56 million, a price-to-earnings ratio of 15.51, a PEG ratio of 1.96 and a beta of 0.88.

Nicolet Bankshares (NASDAQ:NCBS) last issued its quarterly earnings results on Tuesday, July 17th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.11. Nicolet Bankshares had a return on equity of 10.62% and a net margin of 24.13%. The company had revenue of $36.04 million for the quarter, compared to analyst estimates of $34.70 million. research analysts forecast that Nicolet Bankshares will post 3.97 EPS for the current fiscal year.

In related news, Director Thomas L. Herlache sold 870 shares of the business’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 document filed with the SEC, which is accessible through this link. Insiders own 16.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Citigroup Inc. lifted 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 buying an additional 1,315 shares during the period. Citadel Advisors LLC acquired a new position in Nicolet Bankshares during the 1st quarter worth about $208,000. US Bancorp DE lifted 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 buying an additional 4,027 shares during the period. GSA Capital Partners LLP acquired a new position in Nicolet Bankshares during the 1st quarter worth about $452,000. Finally, Millennium Management LLC acquired a new position in Nicolet Bankshares during the 4th quarter worth about $487,000. Institutional investors and hedge funds own 32.56% of the company’s stock.

About Nicolet Bankshares

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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