Nicolet Bankshares Inc (NCBS) Given “Buy” Rating at Maxim Group
Nicolet Bankshares Inc (NASDAQ:NCBS)‘s stock had its “buy” rating restated by research analysts at Maxim Group in a research report issued to clients and investors on Thursday. They presently have a $54.00 price objective on the bank’s stock. Maxim Group’s price objective points to a potential upside of 13.23% from the stock’s current price.
The analysts wrote, “NCBS reported 1Q17 EPS of $0.69 versus consensus of $0.71.””
Nicolet Bankshares (NASDAQ:NCBS) opened at 47.69 on Thursday. The company has a market capitalization of $407.89 million and a PE ratio of 20.12. Nicolet Bankshares has a 12-month low of $34.75 and a 12-month high of $49.75. The stock has a 50 day moving average of $47.64 and a 200-day moving average of $45.21.
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Nicolet Bankshares (NASDAQ:NCBS) last released its earnings results on Tuesday, April 18th. The bank reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.71 by $0.02. Nicolet Bankshares had a net margin of 18.17% and a return on equity of 8.50%. Equities analysts expect that Nicolet Bankshares will post $3.01 earnings per share for the current year.
In other news, CFO Ann Kuchera Lawson sold 2,307 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $49.29, for a total transaction of $113,712.03. Following the completion of the transaction, the chief financial officer now directly owns 12,562 shares of the company’s stock, valued at $619,180.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert Bruce Atwell sold 4,642 shares of the business’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $48.22, for a total value of $223,837.24. Following the transaction, the chairman now directly owns 56,337 shares of the company’s stock, valued at $2,716,570.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,188 shares of company stock valued at $931,141. 14.50% of the stock is currently owned by corporate insiders.
About Nicolet Bankshares
Nicolet Bankshares, Inc is a bank holding company. The Company conducts operations through its subsidiary, Nicolet National Bank (the Bank), which is a commercial bank. The Company also owns investment advisory firms, Brookfield Investment Partners, LLC, which provides investment strategy and transactional services to select community banks, and Nicolet Advisory Services, LLC, which conducts brokerage and financial advisory services primarily to individual consumers.
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