Nicolet Bankshares (NASDAQ:NCBS) posted its quarterly earnings results on Tuesday. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04, Fidelity Earnings reports. The company had revenue of $36.66 million for the quarter, compared to analysts’ expectations of $36.10 million. Nicolet Bankshares had a return on equity of 10.93% and a net margin of 24.86%.
NASDAQ NCBS opened at $57.25 on Wednesday. The firm has a market capitalization of $561.20 million, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.95 and a beta of 0.86. Nicolet Bankshares has a 1 year low of $46.02 and a 1 year high of $61.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.20.
In other Nicolet Bankshares news, Chairman Robert Bruce Atwell sold 6,688 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $55.36, for a total transaction of $370,247.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Joseph Steppe sold 2,888 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $55.71, for a total transaction of $160,890.48. The disclosure for this sale can be found here. Insiders sold 19,576 shares of company stock worth $1,063,438 in the last ninety days. 17.40% of the stock is owned by corporate insiders.
Several research analysts have issued reports on the company. BidaskClub cut Nicolet Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Zacks Investment Research cut Nicolet Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, ValuEngine raised Nicolet Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
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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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