Nicolet Bankshares Inc (NCBS) Given Average Rating of “Hold” by Analysts

Shares of Nicolet Bankshares Inc (NASDAQ:NCBS) have received a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $61.88.

Several analysts recently weighed in on NCBS shares. Maxim Group reiterated a “buy” rating and issued a $65.00 price target on shares of Nicolet Bankshares in a report on Thursday, January 18th. ValuEngine cut shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Sandler O’Neill reiterated a “hold” rating and issued a $58.50 price target on shares of Nicolet Bankshares in a report on Wednesday, January 3rd. DA Davidson started coverage on shares of Nicolet Bankshares in a report on Thursday, December 14th. They issued a “neutral” rating and a $61.00 price target on the stock. Finally, BidaskClub cut shares of Nicolet Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, December 14th.

In other news, EVP Michael E. Daniels sold 24,239 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $56.43, for a total transaction of $1,367,806.77. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Patrick Joseph Madson sold 1,027 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $57.65, for a total transaction of $59,206.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,191 shares of company stock worth $2,667,830. Company insiders own 13.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund boosted its holdings in shares of Nicolet Bankshares by 54.7% during the 2nd quarter. New York State Common Retirement Fund now owns 59,210 shares of the bank’s stock valued at $3,239,000 after buying an additional 20,944 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Nicolet Bankshares by 134.1% during the 2nd quarter. Wells Fargo & Company MN now owns 25,906 shares of the bank’s stock valued at $1,418,000 after buying an additional 14,838 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Nicolet Bankshares by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 277,358 shares of the bank’s stock valued at $15,174,000 after buying an additional 21,826 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Nicolet Bankshares by 24.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 25,816 shares of the bank’s stock valued at $1,413,000 after buying an additional 5,014 shares in the last quarter. Finally, North Star Asset Management Inc. bought a new stake in shares of Nicolet Bankshares during the 2nd quarter valued at $508,000. Hedge funds and other institutional investors own 35.44% of the company’s stock.

Shares of Nicolet Bankshares (NCBS) opened at $54.40 on Friday. The firm has a market cap of $523.17, a price-to-earnings ratio of 16.39, a P/E/G ratio of 2.35 and a beta of 0.54. Nicolet Bankshares has a fifty-two week low of $45.00 and a fifty-two week high of $61.98. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.08.

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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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