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

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded Nicolet Bankshares from a buy rating to a hold rating in a research note on Wednesday, September 19th. BidaskClub raised Nicolet Bankshares from a sell rating to a hold rating in a research note on Tuesday, September 11th. Finally, Hovde Group reissued a hold rating and set a $60.00 target price on shares of Nicolet Bankshares in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $60.42.

Shares of NCBS opened at $54.11 on Monday. The company has a market cap of $528.26 million, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.89. Nicolet Bankshares has a 12-month low of $51.22 and a 12-month high of $61.98. 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 (NASDAQ:NCBS) last issued its earnings results on Tuesday, July 17th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.11. The company had revenue of $36.04 million for the quarter, compared to the consensus estimate of $34.70 million. Nicolet Bankshares had a return on equity of 10.62% and a net margin of 24.13%. equities analysts expect that Nicolet Bankshares will post 3.97 EPS for the current year.

In other Nicolet Bankshares news, Director Thomas L. Herlache sold 870 shares of Nicolet Bankshares stock in a transaction that occurred on 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 this hyperlink. Insiders own 16.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NCBS. Schwab Charles Investment Management Inc. increased its stake in Nicolet Bankshares by 9.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 38,681 shares of the bank’s stock worth $2,131,000 after acquiring an additional 3,253 shares during the last quarter. US Bancorp DE increased its stake in Nicolet Bankshares by 1,294.9% in the 1st quarter. US Bancorp DE now owns 4,338 shares of the bank’s stock worth $239,000 after acquiring an additional 4,027 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Nicolet Bankshares by 38.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 110,025 shares of the bank’s stock worth $6,059,000 after acquiring an additional 30,818 shares during the last quarter. Citigroup Inc. increased its stake in Nicolet Bankshares by 103.5% in the 1st quarter. Citigroup Inc. now owns 2,585 shares of the bank’s stock worth $143,000 after acquiring an additional 1,315 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Nicolet Bankshares in the 1st quarter worth approximately $452,000. 32.55% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: What are the most popular ETFs

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Nicolet Bankshares (NASDAQ:NCBS)

Receive News & Ratings for Nicolet Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nicolet Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.