Nicolet Bankshares (NASDAQ:NCBS) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of Nicolet Bankshares (NASDAQ:NCBS) from a hold rating to a sell rating in a research note published on Saturday, BidAskClub reports.

Several other brokerages have also commented on NCBS. Zacks Investment Research upgraded shares of Nicolet Bankshares from a hold rating to a buy rating and set a $71.00 price objective for the company in a report on Thursday, July 25th. Maxim Group restated a buy rating and issued a $71.00 price objective on shares of Nicolet Bankshares in a report on Thursday, July 18th. Finally, ValuEngine lowered shares of Nicolet Bankshares from a hold rating to a sell rating in a report on Thursday, August 1st.

Shares of NCBS opened at $63.15 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. Nicolet Bankshares has a one year low of $46.02 and a one year high of $67.06. The business has a 50-day moving average of $63.39. The stock has a market capitalization of $589.71 million, a price-to-earnings ratio of 15.33, a PEG ratio of 1.72 and a beta of 0.83.



Nicolet Bankshares (NASDAQ:NCBS) last issued its quarterly earnings data on Tuesday, July 16th. The bank reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.27. Nicolet Bankshares had a net margin of 28.06% and a return on equity of 11.45%. The business had revenue of $47.50 million during the quarter, compared to analyst estimates of $37.90 million. Analysts anticipate that Nicolet Bankshares will post 5.24 earnings per share for the current fiscal year.

In other news, EVP Michael E. Daniels sold 23,175 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $61.00, for a total transaction of $1,413,675.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric James Witczak sold 3,712 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $66.37, for a total transaction of $246,365.44. The disclosure for this sale can be found here. Insiders have sold 35,197 shares of company stock valued at $2,172,595 over the last quarter. Company insiders own 17.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its holdings in shares of Nicolet Bankshares by 13.7% during the second quarter. Meeder Asset Management Inc. now owns 1,690 shares of the bank’s stock valued at $105,000 after purchasing an additional 203 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Nicolet Bankshares by 1.9% during the second quarter. Swiss National Bank now owns 15,900 shares of the bank’s stock valued at $987,000 after purchasing an additional 300 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Nicolet Bankshares by 17.8% during the second quarter. JPMorgan Chase & Co. now owns 2,251 shares of the bank’s stock valued at $140,000 after purchasing an additional 340 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Nicolet Bankshares by 28.7% during the fourth quarter. Legal & General Group Plc now owns 1,642 shares of the bank’s stock valued at $80,000 after purchasing an additional 366 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Nicolet Bankshares during the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 36.29% of the company’s stock.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc operates as the holding company for Nicolet National Bank that provides commercial and retail banking services for businesses and individuals. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.

Further Reading: Short Selling Stocks and Day Traders

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.