BidaskClub downgraded shares of Nicolet Bankshares (NASDAQ:NCBS) from a sell rating to a strong sell rating in a research report report published on Thursday morning.

A number of other equities research analysts also recently weighed in on the company. DA Davidson began coverage on Nicolet Bankshares in a report on Thursday, December 14th. They set a neutral rating and a $61.00 target price for the company. ValuEngine downgraded Nicolet Bankshares from a buy rating to a hold rating in a research note on Friday, December 1st. Maxim Group boosted their price target on Nicolet Bankshares from $59.00 to $65.00 and gave the company a buy rating in a research note on Thursday, October 19th. Finally, Sandler O’Neill reaffirmed a hold rating and issued a $58.50 price target on shares of Nicolet Bankshares in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $61.88.

Nicolet Bankshares (NASDAQ NCBS) traded up $0.17 on Thursday, hitting $53.48. The stock had a trading volume of 10,800 shares, compared to its average volume of 23,800. Nicolet Bankshares has a 12 month low of $45.00 and a 12 month high of $61.98. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $530.91, a P/E ratio of 17.14, a P/E/G ratio of 2.32 and a beta of 0.54.

Nicolet Bankshares (NASDAQ:NCBS) last posted its earnings results on Tuesday, October 17th. The bank reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.10. Nicolet Bankshares had a return on equity of 9.45% and a net margin of 22.63%. The company had revenue of $35.25 million during the quarter. sell-side analysts expect that Nicolet Bankshares will post 3.31 EPS for the current year.

In other Nicolet Bankshares news, Director Michael J. Gilson sold 2,286 shares of Nicolet Bankshares stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $58.00, for a total value of $132,588.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Patrick Joseph Madson sold 1,027 shares of Nicolet Bankshares stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $57.65, for a total value of $59,206.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,191 shares of company stock valued at $2,667,830. 13.90% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in NCBS. Banc Funds Co. LLC grew its position in Nicolet Bankshares by 41.3% in the second quarter. Banc Funds Co. LLC now owns 372,262 shares of the bank’s stock valued at $20,366,000 after acquiring an additional 108,751 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Nicolet Bankshares by 52.2% in the second quarter. The Manufacturers Life Insurance Company now owns 124,648 shares of the bank’s stock valued at $6,820,000 after acquiring an additional 42,732 shares during the last quarter. Systematic Financial Management LP grew its position in Nicolet Bankshares by 63.3% in the second quarter. Systematic Financial Management LP now owns 58,020 shares of the bank’s stock valued at $3,174,000 after acquiring an additional 22,485 shares during the last quarter. Vanguard Group Inc. grew its position in Nicolet Bankshares by 8.5% in the second quarter. Vanguard Group Inc. now owns 277,358 shares of the bank’s stock valued at $15,174,000 after acquiring an additional 21,826 shares during the last quarter. Finally, State Street Corp grew its position in Nicolet Bankshares by 18.6% in the second quarter. State Street Corp now owns 138,922 shares of the bank’s stock valued at $7,599,000 after acquiring an additional 21,747 shares during the last quarter. Hedge funds and other institutional investors own 35.35% of the company’s stock.

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Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company. The Company conducts operations through its subsidiary, Nicolet National Bank (the Bank), which is a commercial bank. The Company also owns investment advisory firms, Brookfield Investment Partners, LLC, which provides investment strategy and transactional services to select community banks, and Nicolet Advisory Services, LLC, which conducts brokerage and financial advisory services primarily to individual consumers.

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