Nicolet Bankshares, Inc. (NASDAQ: NCBS) Receives Average “Buy” Rating from Brokerages


Nicolet Bankshares, Inc. (NASDAQ:NCBS – Get Rating) received an average rating of “Buy” from the six brokerages that cover the company, MarketBeat reports. One research analyst gave the stock a hold rating and four gave the company a buy rating. The 12-month average price target among brokers who have reported on the stock in the past year is $98.00.

A number of brokerages have weighed in on NCBS. Zacks Investment Research upgraded Nicolet Bankshares from a “hold” rating to a “buy” rating and set a price target of $106.00 on the stock in a Thursday, March 31 research report. Piper Sandler raised her price target on Nicolet Bankshares from $86.00 to $100.00 in a Thursday, January 20 research report. began covering Nicolet Bankshares in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, Maxim Group raised its price target on shares of Nicolet Bankshares from $94.00 to $110.00 and gave the stock a “buy” rating in a Friday, January 21 research report.

NASDAQ: NCBS opened at $85.43 on Monday. The company has a debt ratio of 0.24, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50-day simple moving average is $93.70 and its 200-day simple moving average is $85.69. The company has a market capitalization of $1.16 billion, a P/E ratio of 15.68 and a beta of 0.60. Nicolet Bankshares has a 52-week low of $68.07 and a 52-week high of $98.20.

Nicolet Bankshares (NASDAQ:NCBS – Get Rating) last reported results on Tuesday, April 19. The bank reported earnings per share (EPS) of $1.70 for the quarter, beating consensus analyst estimates of $1.61 by $0.09. Nicolet Bankshares had a return on equity of 10.47% and a net margin of 25.73%. As a group, stock analysts predict that Nicolet Bankshares will post earnings per share of 6.97 for the current fiscal year.

Several large investors have recently changed their stake in the company. Foundations Investment Advisors LLC purchased a new equity stake in Nicolet Bankshares during the first quarter worth approximately $275,000. Barclays PLC increased its holdings of shares in Nicolet Bankshares by 5.2% during the fourth quarter. Barclays PLC now owns 22,275 shares in the bank worth $1,910,000 after acquiring an additional 1,098 shares during the period. BlackRock Inc. increased its holdings of shares in Nicolet Bankshares by 14.1% during the fourth quarter. BlackRock Inc. now owns 898,553 shares of the bank worth $77,051,000 after acquiring an additional 110,940 shares during the period. Wells Fargo & Company MN increased its holdings of Nicolet Bankshares shares by 60.4% during the fourth quarter. Wells Fargo & Company MN now owns 11,643 shares of the bank worth $998,000 after acquiring 4,385 additional shares during the period. Finally, Deutsche Bank AG increased its holdings of shares in Nicolet Bankshares by 20.9% during the fourth quarter. Deutsche Bank AG now owns 7,604 shares in the bank worth $652,000 after acquiring 1,317 additional shares during the period. Institutional investors hold 44.10% of the company’s shares.

Nicolet Bankshares Company Profile (Get an evaluation)

Nicolet Bankshares, Inc operates as a holding company of Nicolet National Bank which provides corporate and personal banking products and services. 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 commercial loans and lines of credit; commercial real estate loans; agricultural production (AG) and real estate loans AG; commercial real estate investment property loans; construction and land development loans; residential real estate loans, such as first and junior residential mortgages, home equity loans, lines of credit and home construction loans; and consumer loans.

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