Nicolet Bankshares, Inc. (NASDAQ:NCBS) gapped up prior to trading on Tuesday . The stock had previously closed at $79.76, but opened at $82.29. Nicolet Bankshares shares last traded at $82.29, with a volume of 4 shares changing hands.

NCBS has been the topic of a number of recent research reports. Zacks Investment Research upgraded Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Saturday, April 24th. Maxim Group upped their target price on Nicolet Bankshares from $87.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, April 22nd.

The company has a market capitalization of $796.20 million, a price-to-earnings ratio of 15.67 and a beta of 0.77. The stock has a fifty day simple moving average of $82.18 and a 200-day simple moving average of $72.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.02 and a quick ratio of 1.01.

Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings results on Monday, April 19th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.11. Nicolet Bankshares had a return on equity of 10.36% and a net margin of 26.37%. As a group, equities analysts expect that Nicolet Bankshares, Inc. will post 5.76 EPS for the current fiscal year.

In other news, SVP Patrick Joseph Madson sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of $75.40, for a total transaction of $75,400.00. Also, CFO Ann Kuchera Lawson sold 2,193 shares of the company’s stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of $76.14, for a total value of $166,975.02. Insiders own 14.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Nicolet Bankshares by 3.2% in the 4th quarter. BlackRock Inc. now owns 721,143 shares of the bank’s stock valued at $47,850,000 after purchasing an additional 22,237 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Nicolet Bankshares by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 247,167 shares of the bank’s stock valued at $16,400,000 after buying an additional 3,338 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Nicolet Bankshares by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 45,731 shares of the bank’s stock valued at $3,034,000 after buying an additional 214 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Nicolet Bankshares by 215.1% in the 4th quarter. JPMorgan Chase & Co. now owns 33,079 shares of the bank’s stock valued at $2,195,000 after buying an additional 22,580 shares in the last quarter. Finally, Legacy Private Trust Co. grew its holdings in Nicolet Bankshares by 3.7% in the 1st quarter. Legacy Private Trust Co. now owns 23,616 shares of the bank’s stock valued at $1,971,000 after buying an additional 836 shares in the last quarter. 37.70% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Company Profile (NASDAQ:NCBS)

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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