BidaskClub lowered shares of Nicolet Bankshares (NASDAQ:NCBS) from a hold rating to a sell rating in a report published on Thursday.

A number of other analysts also recently weighed in on NCBS. Maxim Group increased their price target on shares of Nicolet Bankshares from $59.00 to $65.00 and gave the company a buy rating in a research report on Thursday, October 19th. ValuEngine downgraded shares of Nicolet Bankshares from a buy rating to a hold rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $63.00.

Shares of Nicolet Bankshares (NASDAQ:NCBS) traded down $1.12 during trading hours on Thursday, hitting $56.52. 18,300 shares of the company were exchanged, compared to its average volume of 20,527. The firm has a market cap of $564.97, a P/E ratio of 18.53 and a beta of 1.70. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. Nicolet Bankshares has a 1-year low of $44.00 and a 1-year high of $61.98.

Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings results on Tuesday, October 17th. The bank reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The business had revenue of $35.25 million for the quarter. Nicolet Bankshares had a net margin of 22.63% and a return on equity of 9.45%.

In other news, Director Michael J. Gilson sold 2,286 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $58.00, for a total transaction of $132,588.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert Bruce Atwell sold 19,639 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total transaction of $1,108,228.77. The disclosure for this sale can be found here. Insiders have sold a total of 46,164 shares of company stock valued at $2,608,624 over the last ninety days. Company insiders own 13.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc grew its stake in shares of Nicolet Bankshares by 10.1% in the second quarter. Legal & General Group Plc now owns 2,321 shares of the bank’s stock valued at $127,000 after buying an additional 212 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Nicolet Bankshares in the second quarter valued at $170,000. Bessemer Group Inc. bought a new position in shares of Nicolet Bankshares in the second quarter valued at $241,000. Voya Investment Management LLC grew its stake in shares of Nicolet Bankshares by 15.0% in the second quarter. Voya Investment Management LLC now owns 5,021 shares of the bank’s stock valued at $275,000 after buying an additional 655 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in Nicolet Bankshares by 12.6% during the second quarter. Nationwide Fund Advisors now owns 5,035 shares of the bank’s stock worth $275,000 after purchasing an additional 563 shares during the period. 35.42% of the stock is owned by institutional investors.

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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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