Nicolet Bankshares (NASDAQ:NCBS) shares spread after analysts upgrade
Nicolet Bankshares, Inc. (NASDAQ:NCBS) stock price rose ahead of Monday’s market open after Maxim Group raised its price target on the stock from $94.00 to $110.00 . The stock had previously closed at $90.72, but opened at $92.55. Maxim Group currently has a buy rating on the stock. Shares of Nicolet Bankshares last traded at $92.55, with a volume of 1 share traded.
Other stock analysts have also recently published research reports on the company. Piper Sandler raised her target price on Nicolet Bankshares from $86.00 to $100.00 in a report on Thursday. Zacks Investment Research upgraded Nicolet Bankshares from a “hold” rating to a “buy” rating and set a target price of $98.00 for the company in a Wednesday, January 5 report. Five research analysts rated the stock with a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $96.40.
In other Nicolet Bankshares news, Chief Financial Officer Hubert Phillip Moore, Jr. purchased 3,000 shares of the company in a transaction that took place on Tuesday, November 30. The shares were purchased at an average price of $71.17 per share, for a total transaction of $213,510.00. The purchase was disclosed in a filing with the SEC, which is available via this link. Additionally, director Hector Colon bought 675 shares of the company in a trade on Friday, December 3. The shares were purchased at an average price of $74.00 per share, for a total transaction of $49,950.00. Disclosure of this purchase can be found here. In the past 90 days, insiders have purchased 4,965 shares of the company worth $363,345. 15.70% of the shares are held by insiders.
A number of large investors have recently changed their positions in the company. Destiny Wealth Partners LLC purchased a new equity stake from Nicolet Bankshares in the third quarter worth approximately $80,000. Total Clarity Wealth Management Inc. purchased a new equity stake from Nicolet Bankshares in the third quarter worth approximately $188,000. Metropolitan Life Insurance Co NY increased its stake in shares of Nicolet Bankshares to 95,433.3% in the second quarter. Metropolitan Life Insurance Co NY now owns 2,866 shares of the bank worth $202,000 after buying 2,863 additional shares in the last quarter. Jump Financial LLC purchased a new equity stake from Nicolet Bankshares in the second quarter worth approximately $204,000. Finally, Creative Planning purchased a new equity stake in Nicolet Bankshares in the third quarter worth approximately $218,000. Institutional investors and hedge funds own 42.52% of the company’s shares.
The stock has a market capitalization of $1.11 billion, a PE ratio of 15.39 and a beta of 0.69. The company has a 50-day moving average price of $80.97 and a 200-day moving average price of $76.25. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt ratio of 0.20.
Nicolet Bankshares Inc (NASDAQ:NCBS) last released its quarterly results on Tuesday, January 18. The bank reported EPS of $1.25 for the quarter, missing the Zacks consensus estimate of $1.46 per ($0.21). Nicolet Bankshares had a net margin of 28.32% and a return on equity of 10.95%. On average, stock analysts expect Nicolet Bankshares, Inc. to post earnings per share of 6.34 for the current fiscal year.
Nicolet Bankshares Company Profile (NASDAQ: NCBS)
Nicolet Bankshares, Inc is a holding company that provides corporate and personal banking services through its subsidiary. It offers lending and deposit collection, ancillary banking, trust, brokerage and other investment management products and services. The company also offers commercial and residential real estate loans.
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