Bank of New York Mellon Corp increased its holdings in shares of Nicolet Bankshares (NASDAQ:NCBS) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,856 shares of the bank’s stock after purchasing an additional 3,323 shares during the quarter. Bank of New York Mellon Corp’s holdings in Nicolet Bankshares were worth $2,017,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its position in shares of Nicolet Bankshares by 3.3% during the fourth quarter. Wells Fargo & Company MN now owns 36,495 shares of the bank’s stock worth $1,998,000 after purchasing an additional 1,175 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Nicolet Bankshares during the fourth quarter worth about $389,000. Swiss National Bank purchased a new stake in shares of Nicolet Bankshares during the fourth quarter worth about $827,000. North Star Asset Management Inc. grew its position in shares of Nicolet Bankshares by 4.2% during the fourth quarter. North Star Asset Management Inc. now owns 37,589 shares of the bank’s stock worth $2,058,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Bowling Portfolio Management LLC purchased a new stake in shares of Nicolet Bankshares during the fourth quarter worth about $1,530,000. Hedge funds and other institutional investors own 34.16% of the company’s stock.
NCBS has been the subject of several research analyst reports. Maxim Group reiterated a “buy” rating and set a $65.00 target price on shares of Nicolet Bankshares in a research report on Thursday, January 18th. BidaskClub upgraded Nicolet Bankshares from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Sandler O’Neill restated a “hold” rating on shares of Nicolet Bankshares in a report on Tuesday, March 27th. Zacks Investment Research upgraded Nicolet Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods assumed coverage on Nicolet Bankshares in a report on Wednesday, April 11th. They set a “market perform” rating and a $56.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Nicolet Bankshares presently has a consensus rating of “Hold” and an average price target of $60.70.
Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings results on Tuesday, January 16th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.10. The business had revenue of $35.13 million during the quarter, compared to analysts’ expectations of $35.90 million. Nicolet Bankshares had a return on equity of 9.98% and a net margin of 23.38%. research analysts forecast that Nicolet Bankshares will post 3.39 EPS for the current fiscal year.
In other Nicolet Bankshares news, SVP Patrick Joseph Madson sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $55.84, for a total transaction of $122,848.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.40% of the company’s stock.
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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.
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