Nicolet Bankshares (NCBS) Reaches New 12-Month Low at $48.44

Shares of Nicolet Bankshares Inc (NASDAQ:NCBS) hit a new 52-week low during trading on Thursday . The company traded as low as $48.44 and last traded at $48.67, with a volume of 379 shares traded. The stock had previously closed at $50.39.

A number of analysts have recently commented on the company. BidaskClub cut Nicolet Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. Zacks Investment Research cut Nicolet Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, ValuEngine cut Nicolet Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $60.42.

The stock has a market cap of $477.91 million, a PE ratio of 15.06, a P/E/G ratio of 1.81 and a beta of 0.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.20.

Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings data on Tuesday, October 16th. The bank reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.13. The business had revenue of $37.59 million for the quarter, compared to analysts’ expectations of $37.20 million. Nicolet Bankshares had a return on equity of 10.87% and a net margin of 24.34%. Equities analysts predict that Nicolet Bankshares Inc will post 3.96 EPS for the current year.

In other Nicolet Bankshares news, Director Robert J. Weyers acquired 4,900 shares of the stock in a transaction that occurred on Friday, December 7th. The shares were acquired at an average cost of $50.94 per share, with a total value of $249,606.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas L. Herlache sold 820 shares of the business’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $52.36, for a total transaction of $42,935.20. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in NCBS. MetLife Investment Advisors LLC raised its stake in Nicolet Bankshares by 49.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 6,610 shares of the bank’s stock valued at $360,000 after buying an additional 2,200 shares during the last quarter. Systematic Financial Management LP raised its stake in Nicolet Bankshares by 35.4% during the 3rd quarter. Systematic Financial Management LP now owns 10,785 shares of the bank’s stock valued at $588,000 after buying an additional 2,820 shares during the last quarter. Bank of America Corp DE raised its stake in Nicolet Bankshares by 135.7% during the 2nd quarter. Bank of America Corp DE now owns 10,929 shares of the bank’s stock valued at $602,000 after buying an additional 6,293 shares during the last quarter. Acadian Asset Management LLC raised its stake in Nicolet Bankshares by 1,319.7% during the 2nd quarter. Acadian Asset Management LLC now owns 12,408 shares of the bank’s stock valued at $684,000 after buying an additional 11,534 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in Nicolet Bankshares by 116.9% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 12,800 shares of the bank’s stock valued at $705,000 after buying an additional 6,900 shares during the last quarter. Institutional investors and hedge funds own 35.10% of the company’s stock.

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About Nicolet Bankshares (NASDAQ:NCBS)

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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