Nicolet Bankshares Inc (NASDAQ:NCBS) – Equities research analysts at DA Davidson lowered their Q1 2018 earnings estimates for shares of Nicolet Bankshares in a report released on Friday. DA Davidson analyst K. Reevey now forecasts that the bank will post earnings of $0.73 per share for the quarter, down from their prior estimate of $0.76. DA Davidson currently has a “Neutral” rating and a $61.00 target price on the stock. DA Davidson also issued estimates for Nicolet Bankshares’ Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $0.89 EPS, FY2018 earnings at $3.39 EPS and FY2019 earnings at $3.79 EPS.
Other analysts have also issued reports about the company. Maxim Group reaffirmed a “buy” rating and set a $65.00 target price on shares of Nicolet Bankshares in a research report on Thursday. ValuEngine lowered Nicolet Bankshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Sandler O’Neill reaffirmed a “hold” rating and set a $58.50 target price on shares of Nicolet Bankshares in a research report on Wednesday, January 3rd. BidaskClub lowered Nicolet Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Finally, Zacks Investment Research lowered Nicolet Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $61.88.
In related news, Chairman Robert Bruce Atwell sold 19,639 shares of the business’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Patrick Joseph Madson sold 1,027 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $57.65, for a total value of $59,206.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,191 shares of company stock valued at $2,667,830. 13.90% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its holdings in Nicolet Bankshares by 10.1% in the second quarter. Legal & General Group Plc now owns 2,321 shares of the bank’s stock valued at $127,000 after buying an additional 212 shares during the last quarter. California State Teachers Retirement System boosted its stake in Nicolet Bankshares by 3.3% in the second quarter. California State Teachers Retirement System now owns 15,823 shares of the bank’s stock valued at $866,000 after acquiring an additional 500 shares during the period. Nationwide Fund Advisors boosted its stake in Nicolet Bankshares by 12.6% in the second quarter. Nationwide Fund Advisors now owns 5,035 shares of the bank’s stock valued at $275,000 after acquiring an additional 563 shares during the period. Voya Investment Management LLC boosted its stake in Nicolet Bankshares by 15.0% in the second quarter. Voya Investment Management LLC now owns 5,021 shares of the bank’s stock valued at $275,000 after acquiring an additional 655 shares during the period. Finally, Legacy Private Trust Co. boosted its stake in Nicolet Bankshares by 6.1% in the fourth quarter. Legacy Private Trust Co. now owns 29,726 shares of the bank’s stock valued at $1,627,000 after acquiring an additional 1,700 shares during the period. 35.35% of the stock is owned by hedge funds and other institutional investors.
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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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