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

Several other analysts have also recently weighed in on the stock. DA Davidson lifted their price target on shares of Nicolet Bankshares from $62.00 to $67.00 and gave the company a neutral rating in a report on Thursday, October 17th. ValuEngine cut shares of Nicolet Bankshares from a sell rating to a strong sell rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Nicolet Bankshares from a strong sell rating to a hold rating and set a $77.00 price target on the stock in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $71.67.

NASDAQ:NCBS traded up $0.46 during trading hours on Friday, hitting $70.96. The company had a trading volume of 22,800 shares, compared to its average volume of 23,428. The company has a market capitalization of $658.40 million, a PE ratio of 17.22 and a beta of 0.85. The stock has a 50-day moving average price of $68.29 and a 200 day moving average price of $64.26. Nicolet Bankshares has a 52 week low of $46.02 and a 52 week high of $71.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.93 and a quick ratio of 0.92.

Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings results on Tuesday, October 15th. The bank reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.22. The business had revenue of $41.50 million for the quarter. Nicolet Bankshares had a net margin of 28.83% and a return on equity of 11.75%. Analysts anticipate that Nicolet Bankshares will post 5.48 EPS for the current fiscal year.

In related news, EVP Michael E. Daniels sold 5,000 shares of Nicolet Bankshares stock in a transaction on Friday, September 13th. The shares were sold at an average price of $68.15, for a total value of $340,750.00. Insiders own 17.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Nicolet Bankshares Inc. boosted its holdings in shares of Nicolet Bankshares by 14.0% during the 3rd quarter. Nicolet Bankshares Inc. now owns 866,420 shares of the bank’s stock valued at $57,678,000 after buying an additional 106,647 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Nicolet Bankshares by 17.5% during the 2nd quarter. BlackRock Inc. now owns 524,817 shares of the bank’s stock valued at $32,570,000 after buying an additional 78,219 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Nicolet Bankshares by 1.6% during the 2nd quarter. Northern Trust Corp now owns 93,415 shares of the bank’s stock valued at $5,797,000 after buying an additional 1,502 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Nicolet Bankshares by 25.7% during the 2nd quarter. Renaissance Technologies LLC now owns 83,090 shares of the bank’s stock valued at $5,157,000 after buying an additional 17,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Nicolet Bankshares by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 44,839 shares of the bank’s stock valued at $2,783,000 after buying an additional 837 shares in the last quarter. Hedge funds and other institutional investors own 40.48% 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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