StockNews.com launched coverage on the shares of Nicolet Bankshares (NASDAQ: NCBS – Get a Note) in a research report sent to investors on Saturday. The company issued a hold rating on the bank’s shares.
NASDAQ NCBS shares opened at $78.01 on Friday. The company has a market capitalization of $1.04 billion, a P/E ratio of 14.31 and a beta of 0.66. The company’s 50-day moving average price is $81.09 and its 200-day moving average price is $86.87. The company has a debt ratio of 0.25, a quick ratio of 0.82 and a current ratio of 0.82. Nicolet Bankshares has a 1 year minimum of $68.07 and a 1 year maximum of $98.20.
Nicolet Bankshares (NASDAQ:NCBS – Get Rating) last reported results on Tuesday, April 19. The bank reported EPS of $1.70 for the quarter, beating the consensus estimate of $1.61 by $0.09. Nicolet Bankshares had a return on equity of 10.09% and a net margin of 25.73%. As a group, equity analysts predict that Nicolet Bankshares will post EPS of 6.97 for the current year.
In related news, Chief Financial Officer Hubert Phillip Moore, Jr. acquired 3,000 shares of Nicolet Bankshares in a transaction that took place on Wednesday, April 27. The shares were acquired at an average price of $83.46 per share, for a total transaction of $250,380.00. As a result of the transaction, the CFO now directly owns 23,954 shares of the company, valued at approximately $1,999,200.84. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, Executive Vice President Brad Vincent Hutjens acquired 1,000 shares of Nicolet Bankshares in a transaction that took place on Friday, May 20. The shares were purchased at an average price of $75.46 per share, with a total value of $75,460.00. Following the transaction, the executive vice president now directly owns 24,857 shares of the company, valued at $1,875,709.22. Disclosure of this purchase can be found here. Last quarter, insiders bought 16,675 shares of the company valued at $1,323,378. Insiders hold 13.40% of the shares of the company.
Large investors have recently increased or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Nicolet Bankshares during the 4th quarter, valued at approximately $154,000. Cornerstone Investment Partners LLC acquired a new position in Nicolet Bankshares during Q4 valued at approximately $203,000. Alliancebernstein LP acquired a new position in Nicolet Bankshares during Q4 worth $206,000. Teacher Retirement System of Texas acquired a new position in Nicolet Bankshares during Q1 worth $235,000. Finally, ProShare Advisors LLC acquired a new position in Nicolet Bankshares during the 4th quarter at a value of $234,000. Institutional investors and hedge funds hold 37.63% of the company’s shares.
About Nicolet Bankshares (Get an evaluation)
Nicolet Bankshares, Inc operates as a bank holding company for 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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