Nicolet Bankshares (NASDAQ:NCBS) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Nicolet Bankshares (NASDAQ:NCBSGet Rating) in a report issued on Saturday. The brokerage set a “hold” rating on the bank’s stock.

Shares of NASDAQ:NCBS opened at $78.01 on Friday. The company has a market cap of $1.04 billion, a P/E ratio of 14.31 and a beta of 0.66. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.25. Nicolet Bankshares has a 52 week low of $68.07 and a 52 week high of $98.20. The business has a fifty day simple moving average of $81.36 and a 200-day simple moving average of $86.82.

Nicolet Bankshares (NASDAQ:NCBSGet Rating) last posted its quarterly earnings results on Tuesday, April 19th. The bank reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.09. Nicolet Bankshares had a return on equity of 10.09% and a net margin of 25.73%. Sell-side analysts expect that Nicolet Bankshares will post 6.97 earnings per share for the current fiscal year.

In related news, CEO Michael E. Daniels bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was bought at an average price of $77.95 per share, with a total value of $389,750.00. Following the completion of the transaction, the chief executive officer now directly owns 80,738 shares of the company’s stock, valued at $6,293,527.10. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert J. Weyers purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average price of $78.82 per share, for a total transaction of $197,050.00. Following the purchase, the director now owns 87,058 shares of the company’s stock, valued at approximately $6,861,911.56. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 16,675 shares of company stock valued at $1,323,378. 13.40% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Nicolet Bankshares during the fourth quarter valued at approximately $154,000. Cornerstone Investment Partners LLC acquired a new stake in Nicolet Bankshares during the fourth quarter valued at approximately $203,000. Alliancebernstein L.P. acquired a new stake in Nicolet Bankshares during the fourth quarter valued at approximately $206,000. BNP Paribas Arbitrage SA raised its stake in Nicolet Bankshares by 142.1% during the third quarter. BNP Paribas Arbitrage SA now owns 3,007 shares of the bank’s stock valued at $223,000 after buying an additional 1,765 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Nicolet Bankshares during the fourth quarter valued at approximately $234,000. Institutional investors and hedge funds own 37.63% of the company’s stock.

About Nicolet Bankshares (Get Rating)

Nicolet Bankshares, Inc operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial, and business loans and lines of credit; commercial real estate loans; agricultural (AG) production and AG real estate loans; commercial real estate investment real estate loans; construction and land development loans; residential real estate loans, such as residential first lien and junior lien mortgages, home equity loans, lines of credit, and residential construction loans; and consumer loans.

Recommended Stories

Want More Great Investing Ideas?

Receive News & Ratings for Nicolet Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nicolet Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.