Nicolet Bankshares (NASDAQ:NCBS)‘s stock had its “buy” rating restated by equities researchers at Maxim Group in a note issued to investors on Thursday. They presently have a $65.00 price objective on the bank’s stock. Maxim Group’s price target would indicate a potential upside of 16.65% from the stock’s current price.
The analysts wrote, “4Q17 core EPS (excluding one-time tax benefits) matched consensus of $0.81. It was a solid quarter, in our view, and the final piece in a very strong year (EPS up more than 40%), in which NCBS successfully integrated two excellent acquisitions.””
Several other equities analysts have also weighed in on NCBS. ValuEngine lowered Nicolet Bankshares from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered Nicolet Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. DA Davidson initiated coverage on Nicolet Bankshares in a report on Thursday, December 14th. They set a “neutral” rating and a $61.00 target price on the stock. Finally, Sandler O’Neill restated a “hold” rating and set a $58.50 target price on shares of Nicolet Bankshares in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $61.88.
In other news, Chairman Robert Bruce Atwell sold 19,639 shares of Nicolet Bankshares stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total value of $1,108,228.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Gilson sold 2,286 shares of Nicolet Bankshares stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $58.00, for a total value of $132,588.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,191 shares of company stock worth $2,667,830. Corporate insiders own 13.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of NCBS. New York State Common Retirement Fund increased its stake in Nicolet Bankshares by 54.7% during the second quarter. New York State Common Retirement Fund now owns 59,210 shares of the bank’s stock valued at $3,239,000 after acquiring an additional 20,944 shares during the period. Wells Fargo & Company MN raised its position in Nicolet Bankshares by 134.1% in the 2nd quarter. Wells Fargo & Company MN now owns 25,906 shares of the bank’s stock worth $1,418,000 after purchasing an additional 14,838 shares during the last quarter. Vanguard Group Inc. raised its position in Nicolet Bankshares by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 277,358 shares of the bank’s stock worth $15,174,000 after purchasing an additional 21,826 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Nicolet Bankshares by 24.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 25,816 shares of the bank’s stock worth $1,413,000 after purchasing an additional 5,014 shares during the last quarter. Finally, North Star Asset Management Inc. bought a new position in Nicolet Bankshares in the 2nd quarter worth approximately $508,000. Institutional investors and hedge funds own 35.35% of the company’s stock.
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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