First Trust Advisors LP Raises Stake in Nicolet Bankshares Inc (NCBS)
First Trust Advisors LP lifted its position in Nicolet Bankshares Inc (NASDAQ:NCBS) by 18.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,378 shares of the bank’s stock after acquiring an additional 3,878 shares during the quarter. First Trust Advisors LP’s holdings in Nicolet Bankshares were worth $1,383,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of NCBS. Dimensional Fund Advisors LP grew its position in shares of Nicolet Bankshares by 25.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 138,409 shares of the bank’s stock worth $7,628,000 after acquiring an additional 28,384 shares in the last quarter. Martingale Asset Management L P grew its position in shares of Nicolet Bankshares by 219.9% in the 2nd quarter. Martingale Asset Management L P now owns 29,109 shares of the bank’s stock worth $1,605,000 after acquiring an additional 20,009 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Nicolet Bankshares in the 2nd quarter worth approximately $900,000. Acadian Asset Management LLC grew its position in shares of Nicolet Bankshares by 1,319.7% in the 2nd quarter. Acadian Asset Management LLC now owns 12,408 shares of the bank’s stock worth $684,000 after acquiring an additional 11,534 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in shares of Nicolet Bankshares by 116.9% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 12,800 shares of the bank’s stock worth $705,000 after acquiring an additional 6,900 shares in the last quarter. Institutional investors own 35.10% of the company’s stock.
Several research analysts have recently commented on the company. BidaskClub upgraded Nicolet Bankshares from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Zacks Investment Research lowered Nicolet Bankshares from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. Finally, ValuEngine lowered Nicolet Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $60.42.
Shares of NASDAQ NCBS opened at $50.17 on Friday. The company has a market capitalization of $480.01 million, a P/E ratio of 12.66, a P/E/G ratio of 1.82 and a beta of 0.74. Nicolet Bankshares Inc has a 12-month low of $48.44 and a 12-month high of $58.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 0.92.
Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings results on Tuesday, October 16th. The bank reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.13. The business had revenue of $37.59 million for the quarter, compared to the consensus estimate of $37.20 million. Nicolet Bankshares had a return on equity of 10.87% and a net margin of 24.34%. On average, research analysts forecast that Nicolet Bankshares Inc will post 3.96 earnings per share for the current year.
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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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