BidaskClub downgraded shares of Nicolet Bankshares (NASDAQ:NCBS) from a hold rating to a sell rating in a report released on Wednesday morning.
Other research analysts also recently issued research reports about the stock. Maxim Group reaffirmed a buy rating and issued a $65.00 price target on shares of Nicolet Bankshares in a report on Thursday, January 18th. DA Davidson began coverage on shares of Nicolet Bankshares in a report on Thursday, December 14th. They issued a neutral rating and a $61.00 price target for the company. Zacks Investment Research raised shares of Nicolet Bankshares from a sell rating to a hold rating in a report on Wednesday, February 14th. Finally, Sandler O’Neill reaffirmed a hold rating on shares of Nicolet Bankshares in a report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $60.70.
NCBS opened at $55.75 on Wednesday. Nicolet Bankshares has a 52 week low of $46.53 and a 52 week high of $61.98. The stock has a market cap of $538.64, a price-to-earnings ratio of 16.26, a P/E/G ratio of 2.33 and a beta of 0.96. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.08.
In related news, SVP Patrick Joseph Madson sold 2,200 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $55.84, for a total value of $122,848.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of NCBS. Jefferies Group LLC purchased a new stake in Nicolet Bankshares in the 4th quarter worth about $212,000. MetLife Investment Advisors LLC purchased a new stake in Nicolet Bankshares in the 4th quarter worth about $241,000. OxFORD Asset Management LLP purchased a new stake in Nicolet Bankshares in the 3rd quarter worth about $374,000. Catalyst Capital Advisors LLC purchased a new stake in Nicolet Bankshares in the 4th quarter worth about $389,000. Finally, Bank of Montreal Can purchased a new stake in Nicolet Bankshares in the 4th quarter worth about $458,000. 34.16% of the stock is currently owned by institutional investors.
Nicolet Bankshares Company Profile
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.
Receive News & Ratings for Nicolet Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nicolet Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.