BidaskClub upgraded shares of Nicolet Bankshares (NASDAQ:NCBS) from a sell rating to a hold rating in a report issued on Thursday morning, BidAskClub reports.

A number of other research analysts also recently commented on the company. ValuEngine downgraded Nicolet Bankshares from a hold rating to a sell rating in a research note on Thursday, August 1st. Maxim Group restated a buy rating and set a $71.00 price objective on shares of Nicolet Bankshares in a research note on Thursday, July 18th. Finally, Zacks Investment Research upgraded Nicolet Bankshares from a hold rating to a buy rating and set a $71.00 price objective for the company in a research note on Thursday, July 25th.

Shares of NASDAQ NCBS traded down $0.15 during trading on Thursday, reaching $67.99. The stock had a trading volume of 25,109 shares, compared to its average volume of 23,994. Nicolet Bankshares has a one year low of $46.02 and a one year high of $69.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $623.82 million, a PE ratio of 16.56, a P/E/G ratio of 1.82 and a beta of 0.85. The firm’s 50 day moving average price is $63.83 and its two-hundred day moving average price is $61.08.

Nicolet Bankshares (NASDAQ:NCBS) last issued its quarterly earnings results on Tuesday, July 16th. The bank reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.27. Nicolet Bankshares had a return on equity of 11.45% and a net margin of 28.06%. The business had revenue of $47.50 million during the quarter, compared to the consensus estimate of $37.90 million. On average, research analysts expect that Nicolet Bankshares will post 5.24 earnings per share for the current year.

In related news, SVP Michael Joseph Vogel sold 1,500 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $63.31, for a total transaction of $94,965.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric James Witczak sold 3,712 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $66.37, for a total value of $246,365.44. The disclosure for this sale can be found here. 17.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NCBS. Tower Research Capital LLC TRC acquired a new position in Nicolet Bankshares during the 2nd quarter worth $28,000. Aperio Group LLC acquired a new position in Nicolet Bankshares during the 2nd quarter worth $49,000. BNP Paribas Arbitrage SA boosted its position in Nicolet Bankshares by 413.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,633 shares of the bank’s stock worth $97,000 after acquiring an additional 1,315 shares during the period. Meeder Asset Management Inc. boosted its position in Nicolet Bankshares by 13.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,690 shares of the bank’s stock worth $105,000 after acquiring an additional 203 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Nicolet Bankshares during the 1st quarter worth $121,000. Hedge funds and other institutional investors own 36.79% 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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