Nicolet Bankshares (NCBS) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of Nicolet Bankshares (NASDAQ:NCBS) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

NCBS has been the topic of several other reports. BidaskClub cut Nicolet Bankshares from a hold rating to a sell rating in a research report on Wednesday, August 29th. Zacks Investment Research cut Nicolet Bankshares from a buy rating to a hold rating in a research report on Saturday, June 16th. Finally, Hovde Group reissued a hold rating and issued a $60.00 target price on shares of Nicolet Bankshares in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $60.42.

Shares of NASDAQ:NCBS opened at $54.11 on Monday. The stock has a market capitalization of $528.26 million, a price-to-earnings ratio of 15.82, a PEG ratio of 1.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.92. Nicolet Bankshares has a 52-week low of $51.22 and a 52-week high of $61.98.

Nicolet Bankshares (NASDAQ:NCBS) last announced its earnings results on Tuesday, July 17th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.11. The business had revenue of $36.04 million for the quarter, compared to analysts’ expectations of $34.70 million. Nicolet Bankshares had a return on equity of 10.62% and a net margin of 24.13%. equities analysts anticipate that Nicolet Bankshares will post 3.97 EPS for the current year.

In other news, Director Thomas L. Herlache sold 870 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $55.06, for a total value of $47,902.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. raised its stake in shares of Nicolet Bankshares by 103.5% in the first quarter. Citigroup Inc. now owns 2,585 shares of the bank’s stock worth $143,000 after buying an additional 1,315 shares during the period. Citadel Advisors LLC bought a new position in shares of Nicolet Bankshares in the first quarter worth about $208,000. US Bancorp DE raised its stake in shares of Nicolet Bankshares by 1,294.9% in the first quarter. US Bancorp DE now owns 4,338 shares of the bank’s stock worth $239,000 after buying an additional 4,027 shares during the period. GSA Capital Partners LLP bought a new position in shares of Nicolet Bankshares in the first quarter worth about $452,000. Finally, Bessemer Group Inc. raised its stake in shares of Nicolet Bankshares by 145.5% in the second quarter. Bessemer Group Inc. now owns 10,800 shares of the bank’s stock worth $595,000 after buying an additional 6,400 shares during the period. 32.55% of the stock is currently owned by hedge funds and other institutional investors.

About Nicolet Bankshares

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.

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Analyst Recommendations for Nicolet Bankshares (NASDAQ:NCBS)

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