Nicolet Bankshares Inc (NASDAQ:NCBS) – DA Davidson reduced their FY2018 earnings per share (EPS) estimates for Nicolet Bankshares in a note issued to investors on Thursday, October 18th. DA Davidson analyst K. Reevey now expects that the bank will post earnings of $3.96 per share for the year, down from their prior forecast of $3.97. DA Davidson also issued estimates for Nicolet Bankshares’ Q4 2018 earnings at $0.99 EPS and FY2019 earnings at $4.07 EPS.

Several other equities analysts have also weighed in on the stock. BidaskClub upgraded shares of Nicolet Bankshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 6th. Hovde Group restated a “hold” rating and set a $60.00 price objective on shares of Nicolet Bankshares in a research report on Monday, August 6th. Zacks Investment Research lowered shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, ValuEngine lowered shares of Nicolet Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Nicolet Bankshares presently has a consensus rating of “Hold” and a consensus price target of $60.42.

Shares of NCBS opened at $51.59 on Monday. The stock has a market capitalization of $497.50 million, a P/E ratio of 12.96, a P/E/G ratio of 1.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.92 and a quick ratio of 0.91. Nicolet Bankshares has a 52-week low of $49.02 and a 52-week high of $59.47.

Nicolet Bankshares (NASDAQ:NCBS) last announced its earnings results on Tuesday, October 16th. The bank reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.13. The firm had revenue of $37.59 million during 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 10.95%.

In other news, Director Thomas L. Herlache sold 870 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $55.06, for a total transaction of $47,902.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of Nicolet Bankshares by 7.5% in the second quarter. Renaissance Technologies LLC now owns 79,407 shares of the bank’s stock worth $4,376,000 after buying an additional 5,507 shares during the period. First Trust Advisors LP boosted its holdings in shares of Nicolet Bankshares by 17.6% in the second quarter. First Trust Advisors LP now owns 21,500 shares of the bank’s stock worth $1,185,000 after buying an additional 3,217 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Nicolet Bankshares by 9.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 38,681 shares of the bank’s stock worth $2,131,000 after buying an additional 3,253 shares during the period. Citadel Advisors LLC acquired a new position in shares of Nicolet Bankshares in the first quarter worth about $208,000. Finally, Citigroup Inc. boosted its holdings 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. Institutional investors own 32.55% of the company’s stock.

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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Earnings History and Estimates for Nicolet Bankshares (NASDAQ:NCBS)

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