Nicolet Bankshares (NASDAQ:NCBS) Posts Earnings Results, Beats Estimates By $0.20 EPS

Nicolet Bankshares (NASDAQ:NCBS) announced its quarterly earnings data on Monday. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.20, MarketWatch Earnings reports. Nicolet Bankshares had a return on equity of 10.36% and a net margin of 26.37%.

NCBS stock traded up $0.32 during midday trading on Wednesday, hitting $72.56. The company’s stock had a trading volume of 558 shares, compared to its average volume of 27,022. Nicolet Bankshares has a 12 month low of $45.33 and a 12 month high of $73.52. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $731.84 million, a price-to-earnings ratio of 14.00 and a beta of 0.77. The company has a 50 day moving average of $69.43 and a two-hundred day moving average of $62.00.

A number of brokerages recently issued reports on NCBS. Maxim Group boosted their price objective on Nicolet Bankshares from $70.00 to $77.00 in a research note on Friday, October 23rd. Stephens began coverage on Nicolet Bankshares in a research note on Friday, October 9th. They set an “equal weight” rating and a $64.00 price objective for the company. Finally, Zacks Investment Research upgraded Nicolet Bankshares from a “sell” rating to a “hold” rating in a research note on Tuesday, January 5th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $71.00.

In other Nicolet Bankshares news, CEO Robert Bruce Atwell sold 2,284 shares of the company’s stock in a transaction that occurred on Wednesday, November 25th. The stock was sold at an average price of $69.67, for a total value of $159,126.28. Also, CFO Ann Kuchera Lawson sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $67.68, for a total value of $81,216.00. Following the completion of the transaction, the chief financial officer now owns 29,983 shares of the company’s stock, valued at $2,029,249.44. The disclosure for this sale can be found here. Insiders sold a total of 31,670 shares of company stock valued at $2,032,751 over the last 90 days. 14.20% of the stock is currently owned by corporate insiders.

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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Earnings History for Nicolet Bankshares (NASDAQ:NCBS)

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