Nicolet Bankshares (NCBS) Sets New 52-Week Low at $48.44

Nicolet Bankshares Inc (NASDAQ:NCBS) reached a new 52-week low during trading on Thursday . The stock traded as low as $48.44 and last traded at $48.67, with a volume of 379 shares. The stock had previously closed at $50.39.

A number of equities research analysts have issued reports on the company. BidaskClub lowered Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine lowered Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Finally, Zacks Investment Research lowered Nicolet Bankshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Nicolet Bankshares has a consensus rating of “Hold” and an average target price of $60.42.

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $477.91 million, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.81 and a beta of 0.74.

Nicolet Bankshares (NASDAQ:NCBS) last issued its quarterly earnings data on Tuesday, October 16th. The bank reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.13. The company had revenue of $37.59 million for the quarter, compared to analyst estimates of $37.20 million. Nicolet Bankshares had a net margin of 24.34% and a return on equity of 10.87%. Analysts expect that Nicolet Bankshares Inc will post 3.96 earnings per share for the current year.

In other Nicolet Bankshares news, Director Robert J. Weyers acquired 4,900 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were bought at an average cost of $50.94 per share, with a total value of $249,606.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas L. Herlache sold 820 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $52.36, for a total transaction of $42,935.20. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Nicolet Bankshares by 1.3% in the third quarter. Vanguard Group Inc. now owns 356,630 shares of the bank’s stock valued at $19,440,000 after acquiring an additional 4,526 shares in the last quarter. Morgan Stanley boosted its stake in Nicolet Bankshares by 9.5% in the third quarter. Morgan Stanley now owns 31,900 shares of the bank’s stock valued at $1,739,000 after acquiring an additional 2,769 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in Nicolet Bankshares by 49.9% in the third quarter. MetLife Investment Advisors LLC now owns 6,610 shares of the bank’s stock valued at $360,000 after acquiring an additional 2,200 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Nicolet Bankshares in the third quarter valued at approximately $11,193,000. Finally, Bridgeway Capital Management Inc. acquired a new stake in Nicolet Bankshares in the third quarter valued at approximately $1,976,000. Institutional investors own 35.10% of the company’s stock.

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About Nicolet Bankshares (NASDAQ:NCBS)

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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