Nicolet Bankshares (NASDAQ:NCBS) Downgraded by BidaskClub

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

NCBS has been the topic of a number of other reports. ValuEngine lowered shares of Nicolet Bankshares from a hold rating to a sell rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of Nicolet Bankshares from a hold rating to a buy rating and set a $71.00 price target on the stock in a research report on Thursday, July 25th. Finally, Maxim Group reaffirmed a buy rating and set a $71.00 price target on shares of Nicolet Bankshares in a research report on Thursday, July 18th.

Shares of NCBS stock opened at $62.92 on Friday. The stock has a market capitalization of $589.71 million, a P/E ratio of 15.27, a P/E/G ratio of 1.72 and a beta of 0.83. The business’s 50 day simple moving average is $63.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. Nicolet Bankshares has a 12-month low of $46.02 and a 12-month high of $67.06.

Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings data on Tuesday, July 16th. The bank reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.27. Nicolet Bankshares had a net margin of 28.06% and a return on equity of 11.45%. The firm had revenue of $47.50 million for the quarter, compared to analyst estimates of $37.90 million. Equities research analysts anticipate that Nicolet Bankshares will post 5.24 EPS for the current year.

In related news, EVP Eric James Witczak sold 3,712 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $66.37, for a total transaction of $246,365.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael Joseph Vogel sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $63.31, for a total transaction of $94,965.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,197 shares of company stock worth $2,172,595. 17.40% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Aperio Group LLC purchased a new position in shares of Nicolet Bankshares during the second quarter worth about $49,000. Meeder Asset Management Inc. boosted its position in shares of Nicolet Bankshares by 34.6% in the first quarter. Meeder Asset Management Inc. now owns 1,487 shares of the bank’s stock worth $89,000 after buying an additional 382 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Nicolet Bankshares by 413.5% in the first quarter. BNP Paribas Arbitrage SA now owns 1,633 shares of the bank’s stock worth $97,000 after buying an additional 1,315 shares during the period. Legal & General Group Plc boosted its position in shares of Nicolet Bankshares by 28.7% in the fourth quarter. Legal & General Group Plc now owns 1,642 shares of the bank’s stock worth $80,000 after buying an additional 366 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Nicolet Bankshares in the first quarter worth $121,000. Hedge funds and other institutional investors own 36.29% 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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