Nicolet Bankshares Inc (NASDAQ:NCBS) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 218,100 shares, a drop of 15.2% from the June 15th total of 257,200 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average daily volume of 29,900 shares, the short-interest ratio is currently 7.3 days.

NCBS has been the topic of several research analyst reports. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 13th. Maxim Group reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Nicolet Bankshares in a research note on Thursday, July 18th. Finally, Zacks Investment Research lowered Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $67.33.

In related news, EVP Eric James Witczak sold 1,680 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $62.11, for a total value of $104,344.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael Joseph Vogel sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $63.31, for a total value of $94,965.00. The disclosure for this sale can be found here. Insiders sold 33,985 shares of company stock worth $2,080,692 in the last 90 days. 17.40% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in NCBS. BlackRock Inc. boosted its stake in shares of Nicolet Bankshares by 2.4% during the fourth quarter. BlackRock Inc. now owns 469,498 shares of the bank’s stock valued at $22,912,000 after purchasing an additional 10,979 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Nicolet Bankshares by 29.0% during 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 purchasing an additional 10,128 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Nicolet Bankshares by 0.9% during the fourth quarter. Northern Trust Corp now owns 96,491 shares of the bank’s stock valued at $4,709,000 after purchasing an additional 871 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Nicolet Bankshares by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 165,079 shares of the bank’s stock valued at $8,056,000 after purchasing an additional 14,104 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Nicolet Bankshares by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 77,653 shares of the bank’s stock valued at $3,789,000 after purchasing an additional 5,596 shares in the last quarter. 36.14% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:NCBS traded up $0.99 during trading hours on Friday, hitting $65.48. The company’s stock had a trading volume of 23,018 shares, compared to its average volume of 38,530. The stock has a fifty day simple moving average of $62.38. The stock has a market capitalization of $619.58 million, a P/E ratio of 15.89, a P/E/G ratio of 1.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.93. Nicolet Bankshares has a twelve month low of $46.02 and a twelve month high of $65.89.

Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings data on Tuesday, July 16th. The bank reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.27. Nicolet Bankshares had a return on equity of 11.63% and a net margin of 28.06%. The business had revenue of $47.50 million for the quarter, compared to analyst estimates of $37.90 million. Equities research analysts forecast that Nicolet Bankshares will post 5.24 EPS for the current fiscal year.

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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