DA Davidson Comments on Nicolet Bankshares Inc’s FY2019 Earnings (NASDAQ:NCBS)

Nicolet Bankshares Inc (NASDAQ:NCBS) – Stock analysts at DA Davidson lifted their FY2019 earnings per share estimates for shares of Nicolet Bankshares in a research note issued on Thursday, October 17th. DA Davidson analyst K. Reevey now forecasts that the bank will earn $5.48 per share for the year, up from their prior estimate of $5.24. DA Davidson has a “Neutral” rating and a $67.00 price target on the stock. DA Davidson also issued estimates for Nicolet Bankshares’ Q4 2019 earnings at $1.12 EPS and FY2020 earnings at $4.77 EPS.

NCBS has been the topic of several other research reports. ValuEngine lowered Nicolet Bankshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded Nicolet Bankshares from a “strong sell” rating to a “hold” rating and set a $77.00 price target on the stock in a report on Thursday, October 17th. Maxim Group reiterated a “buy” rating and issued a $71.00 price target on shares of Nicolet Bankshares in a report on Thursday, July 18th. Finally, BidaskClub upgraded Nicolet Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $71.67.

Shares of NASDAQ:NCBS opened at $69.54 on Monday. The business’s 50 day simple moving average is $66.70 and its two-hundred day simple moving average is $63.00. The firm has a market cap of $640.46 million, a P/E ratio of 16.88 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93. Nicolet Bankshares has a 52-week low of $46.02 and a 52-week high of $70.19.

Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings results on Tuesday, October 15th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.22. The business had revenue of $41.50 million for the quarter. Nicolet Bankshares had a return on equity of 11.96% and a net margin of 28.83%.

Several institutional investors have recently modified their holdings of NCBS. Nicolet Bankshares Inc. raised its stake in shares of Nicolet Bankshares by 14.0% in the third quarter. Nicolet Bankshares Inc. now owns 866,420 shares of the bank’s stock worth $57,678,000 after purchasing an additional 106,647 shares during the last quarter. BlackRock Inc. raised its stake in shares of Nicolet Bankshares by 17.5% in the second quarter. BlackRock Inc. now owns 524,817 shares of the bank’s stock worth $32,570,000 after purchasing an additional 78,219 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Nicolet Bankshares in the second quarter worth approximately $2,534,000. Renaissance Technologies LLC raised its stake in shares of Nicolet Bankshares by 25.7% in the second quarter. Renaissance Technologies LLC now owns 83,090 shares of the bank’s stock worth $5,157,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Nicolet Bankshares by 56.5% in the second quarter. Invesco Ltd. now owns 26,452 shares of the bank’s stock worth $1,642,000 after purchasing an additional 9,550 shares during the last quarter. 36.81% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Eric James Witczak sold 3,712 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $66.37, for a total value of $246,365.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael E. Daniels sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $68.15, for a total value of $340,750.00. Corporate insiders own 17.40% of the company’s stock.

About Nicolet Bankshares

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.

Featured Article: What is the Gross Domestic Product (GDP)?

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.