Nicolet Bankshares Inc (NASDAQ:NCBS) Chairman Robert Bruce Atwell sold 6,688 shares of the company’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $55.36, for a total value of $370,247.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert Bruce Atwell also recently made the following trade(s):

  • On Thursday, January 24th, Robert Bruce Atwell sold 10,000 shares of Nicolet Bankshares stock. The stock was sold at an average price of $53.23, for a total value of $532,300.00.

Shares of NCBS opened at $57.18 on Friday. The stock has a market capitalization of $544.70 million, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 1.81 and a beta of 0.85. Nicolet Bankshares Inc has a one year low of $46.02 and a one year high of $58.60. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.20.

Nicolet Bankshares (NASDAQ:NCBS) last issued its quarterly earnings results on Wednesday, January 16th. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.14. The firm had revenue of $36.83 million during the quarter, compared to the consensus estimate of $36.00 million. Nicolet Bankshares had a return on equity of 11.05% and a net margin of 24.86%. On average, research analysts anticipate that Nicolet Bankshares Inc will post 4.34 EPS for the current year.

Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Nicolet Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research raised Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Saturday, January 19th. Finally, ValuEngine raised Nicolet Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $59.33.

A number of institutional investors and hedge funds have recently modified their holdings of NCBS. The Manufacturers Life Insurance Company purchased a new position in Nicolet Bankshares in the third quarter valued at about $11,193,000. Nicolet Bankshares Inc. boosted its holdings in Nicolet Bankshares by 8.2% in the fourth quarter. Nicolet Bankshares Inc. now owns 784,996 shares of the bank’s stock valued at $38,308,000 after purchasing an additional 59,692 shares during the last quarter. Bridgeway Capital Management Inc. purchased a new position in Nicolet Bankshares in the third quarter valued at about $1,976,000. Dimensional Fund Advisors LP boosted its holdings in Nicolet Bankshares by 25.8% in the second quarter. Dimensional Fund Advisors LP now owns 138,409 shares of the bank’s stock valued at $7,628,000 after purchasing an additional 28,384 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in Nicolet Bankshares in the second quarter valued at about $900,000. 34.82% of the stock is owned by hedge funds and other institutional investors.

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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.

See Also: Earnings Per Share (EPS)

Insider Buying and Selling by Quarter for Nicolet Bankshares (NASDAQ:NCBS)

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