Nicolet Bankshares, Inc. (NASDAQ: NCBS – Get a rating) earned an average “Buy” recommendation from the six brokerages that cover the business, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The 1-year average price target among brokers who have reported on the stock in the past year is $98.00.
A number of stock analysts have weighed in on the company. Piper Sandler raised her target price on Nicolet Bankshares from $86.00 to $100.00 in a Thursday, January 20 research note. Maxim Group raised its price target on shares of Nicolet Bankshares from $94.00 to $110.00 and gave the company a “buy” rating in a Friday, January 21 report. Zacks Investment Research upgraded shares of Nicolet Bankshares from a “hold” rating to a “buy” rating and set a price target of $106.00 for the company in a Thursday, March 31 report. To finish, StockNews.com launched a hedge on shares of Nicolet Bankshares in a Thursday, March 31 report. They issued a “hold” rating for the company.
Shares of Nicolet Bankshares opened at $75.09 on Friday. The stock has a market capitalization of $1.01 billion, a PE ratio of 13.78 and a beta of 0.66. Nicolet Bankshares has a 52 week low of $68.07 and a 52 week high of $98.20. The stock has a 50-day moving average price of $87.92 and a two-hundred-day moving average price of $86.32. The company has a debt ratio of 0.25, a quick ratio of 0.82 and a current ratio of 0.82.
Nicolet Bankshares (NASDAQ: NCBS – Get a rating) last announced its quarterly results on Tuesday, April 19. The bank reported earnings per share (EPS) of $1.70 for the quarter, beating the consensus estimate of $1.61 by $0.09. Nicolet Bankshares had a return on equity of 10.09% and a net margin of 25.73%. Research analysts expect Nicolet Bankshares to post an EPS of 6.97 for the current year.
In other news, CFO Hubert Phillip Moore, Jr. purchased 3,000 shares of Nicolet Bankshares in a trade on Wednesday, April 27. The shares were acquired at an average cost of $83.46 per share, for a total transaction of $250,380.00. Following the completion of the acquisition, the CFO now owns 23,954 shares of the company, valued at approximately $1,999,200.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Additionally, Chief Financial Officer Hubert Phillip Moore, Jr. acquired 375 shares of the company in a transaction dated Friday, May 13. The shares were acquired at an average price of $76.00 per share, with a total value of $28,500.00. Following the acquisition, the CFO now owns 375 shares of the company, valued at approximately $28,500. Disclosure of this purchase can be found here. Over the past ninety days, insiders have purchased 8,175 shares of the company valued at $663,243. 13.40% of the shares are held by insiders.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings of Nicolet Bankshares shares by 73.1% in the first quarter. Goldman Sachs Group Inc. now owns 19,177 shares of the bank valued at $1,794,000 after acquiring 8,097 additional shares in the last quarter. State Street Corp increased its stake in shares of Nicolet Bankshares by 29.0% in the first quarter. State Street Corp now owns 408,917 shares of the bank valued at $38,262,000 after purchasing an additional 91,912 shares during the period. Lazard Asset Management LLC purchased a new stake in Nicolet Bankshares during Q1 worth approximately $375,000. Vanguard Group Inc. increased its stake in Nicolet Bankshares by 1.8% in the first quarter. Vanguard Group Inc. now owns 606,351 shares of the bank valued at $56,736,000 after acquiring 10,961 additional shares last quarter. Finally, EAM Investors LLC acquired a new equity stake in Nicolet Bankshares in Q1 worth $3,103,000. 37.63% of the shares are held by institutional investors.
Nicolet Bankshares Company Profile (Get a rating)
Nicolet Bankshares, Inc operates as a bank holding company for Nicolet National Bank which provides corporate and personal banking products and services. The company accepts checking, savings and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial and commercial loans and lines of credit; commercial real estate loans; agricultural production (AG) and real estate loans AG; commercial real estate investment property loans; construction and land development loans; residential real estate loans, such as first and junior residential mortgages, home equity loans, lines of credit and home construction loans; and consumer loans.
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