Nicolet Bankshares Inc (NASDAQ:NCBS) – Analysts at Piper Sandler upped their Q2 2021 EPS estimates for shares of Nicolet Bankshares in a research note issued to investors on Tuesday, September 29th. Piper Sandler analyst B. Nosal now anticipates that the bank will post earnings per share of $1.28 for the quarter, up from their prior forecast of $1.10. Piper Sandler also issued estimates for Nicolet Bankshares’ Q3 2021 earnings at $1.16 EPS and Q4 2021 earnings at $1.14 EPS.
Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.34. The business had revenue of $49.20 million during the quarter, compared to analyst estimates of $44.00 million. Nicolet Bankshares had a return on equity of 10.02% and a net margin of 25.25%.
Several other equities research analysts also recently commented on NCBS. TheStreet raised shares of Nicolet Bankshares from a “c+” rating to a “b-” rating in a report on Tuesday, August 11th. BidaskClub upgraded shares of Nicolet Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Maxim Group reiterated a “buy” rating and issued a $70.00 price objective on shares of Nicolet Bankshares in a research note on Friday, July 24th. Finally, Zacks Investment Research downgraded Nicolet Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $66.25.
NCBS stock opened at $54.61 on Wednesday. The stock has a fifty day moving average of $58.78 and a 200-day moving average of $55.63. Nicolet Bankshares has a fifty-two week low of $45.33 and a fifty-two week high of $75.99. The company has a market capitalization of $568.93 million, a price-to-earnings ratio of 11.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.03.
In related news, SVP Patrick Joseph Madson sold 1,000 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $59.04, for a total value of $59,040.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Bruce Atwell sold 3,000 shares of Nicolet Bankshares stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $60.08, for a total value of $180,240.00. The disclosure for this sale can be found here. 14.20% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of NCBS. Geode Capital Management LLC grew its holdings in shares of Nicolet Bankshares by 13.0% during the first quarter. Geode Capital Management LLC now owns 139,007 shares of the bank’s stock worth $7,586,000 after purchasing an additional 15,953 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Nicolet Bankshares in the 2nd quarter worth $671,000. WINTON GROUP Ltd raised its stake in shares of Nicolet Bankshares by 27.0% in the second quarter. WINTON GROUP Ltd now owns 36,909 shares of the bank’s stock worth $2,023,000 after purchasing an additional 7,847 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Nicolet Bankshares by 1.5% during the second quarter. Vanguard Group Inc. now owns 460,895 shares of the bank’s stock valued at $25,256,000 after purchasing an additional 6,847 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Nicolet Bankshares by 2.8% during the first quarter. State Street Corp now owns 204,869 shares of the bank’s stock valued at $11,182,000 after buying an additional 5,504 shares during the last quarter. Hedge funds and other institutional investors own 37.88% of the company’s stock.
Nicolet Bankshares Company Profile
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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