Somewhat Negative Media Coverage Somewhat Unlikely to Affect Nicolet Bankshares (NCBS) Share Price
Press coverage about Nicolet Bankshares (NASDAQ:NCBS) has been trending somewhat negative recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nicolet Bankshares earned a coverage optimism score of -0.07 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.7699824925029 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have recently commented on NCBS shares. ValuEngine cut shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. 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 note on Thursday, October 19th.
Nicolet Bankshares (NCBS) traded up $0.43 on Wednesday, hitting $57.75. 25,900 shares of the stock traded hands, compared to its average volume of 20,463. Nicolet Bankshares has a twelve month low of $43.63 and a twelve month high of $61.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $561.83, a PE ratio of 18.43 and a beta of 1.70.
Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.10. Nicolet Bankshares had a net margin of 22.63% and a return on equity of 9.45%. The business had revenue of $35.25 million for the quarter.
In related news, Director Michael J. Gilson sold 2,286 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $58.00, for a total value of $132,588.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Robert Bruce Atwell sold 19,639 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were 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 sold 46,164 shares of company stock worth $2,608,624 over the last 90 days. 13.90% of the stock is currently owned by company insiders.
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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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