BidaskClub cut shares of Nicolet Bankshares (NASDAQ:NCBS) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut CGI from a buy rating to a hold rating in a research note on Wednesday, June 19th. Maxim Group increased their target price on Nicolet Bankshares to $66.00 and gave the stock a buy rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $64.00.

NASDAQ NCBS opened at $62.84 on Friday. Nicolet Bankshares has a 12 month low of $46.02 and a 12 month high of $63.80. The stock has a market capitalization of $599.24 million, a PE ratio of 15.25, a P/E/G ratio of 1.99 and a beta of 0.83. The business has a fifty day moving average of $61.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93.

Nicolet Bankshares (NASDAQ:NCBS) last released its earnings results on Tuesday, April 16th. The bank reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. Nicolet Bankshares had a return on equity of 10.86% and a net margin of 24.87%. The firm had revenue of $36.66 million for the quarter, compared to analysts’ expectations of $36.10 million. As a group, equities research analysts expect that Nicolet Bankshares will post 4.55 earnings per share for the current year.

In other news, Director Thomas L. Herlache sold 820 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $61.12, for a total transaction of $50,118.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ann Kuchera Lawson sold 1,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $60.86, for a total value of $60,860.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,485 shares of company stock worth $2,046,587. Corporate insiders own 17.40% of the company’s stock.

Several large investors have recently made changes to their positions in NCBS. Legacy Private Trust Co. bought a new position in shares of Nicolet Bankshares during the first quarter valued at $1,551,000. Dimensional Fund Advisors LP lifted its holdings in Nicolet Bankshares by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 165,079 shares of the bank’s stock valued at $8,056,000 after acquiring an additional 14,104 shares during the period. Martingale Asset Management L P lifted its holdings in Nicolet Bankshares by 34.6% in the first quarter. Martingale Asset Management L P now owns 51,309 shares of the bank’s stock valued at $3,059,000 after acquiring an additional 13,198 shares during the period. BlackRock Inc. lifted its holdings in Nicolet Bankshares by 2.4% in the fourth quarter. BlackRock Inc. now owns 469,498 shares of the bank’s stock valued at $22,912,000 after acquiring an additional 10,979 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Nicolet Bankshares by 29.0% in the fourth quarter. Bank of New York Mellon Corp now owns 45,073 shares of the bank’s stock valued at $2,200,000 after acquiring an additional 10,128 shares during the period. 36.14% of the stock is currently owned by hedge funds and other institutional investors.

Nicolet Bankshares Company Profile

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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