Nicolet Bankshares (NASDAQ:NCBS) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts also recently weighed in on NCBS. Zacks Investment Research downgraded shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. ValuEngine downgraded shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Hovde Group reiterated a “hold” rating and issued a $60.00 price target on shares of Nicolet Bankshares in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $60.42.

Shares of NCBS stock opened at $55.32 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market cap of $532.80 million, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.99 and a beta of 0.92. Nicolet Bankshares has a 12-month low of $52.08 and a 12-month high of $61.98.

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

In other news, EVP Eric James Witczak sold 1,083 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $57.40, for a total value of $62,164.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.40% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in NCBS. Citigroup Inc. increased its stake in Nicolet Bankshares by 103.5% in the first quarter. Citigroup Inc. now owns 2,585 shares of the bank’s stock valued at $143,000 after acquiring an additional 1,315 shares during the last quarter. Citadel Advisors LLC bought a new position in Nicolet Bankshares in the first quarter valued at approximately $208,000. Appleton Group LLC bought a new position in Nicolet Bankshares in the first quarter valued at approximately $236,000. US Bancorp DE increased its stake in Nicolet Bankshares by 1,294.9% in the first quarter. US Bancorp DE now owns 4,338 shares of the bank’s stock valued at $239,000 after acquiring an additional 4,027 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in Nicolet Bankshares in the fourth quarter valued at approximately $241,000. 32.56% of the stock is currently owned by institutional investors and hedge funds.

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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