Nicolet Bankshares Inc. (NASDAQ:NCBS) Chairman Robert Bruce Atwell sold 19,639 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total transaction of $1,108,228.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. Nicolet Bankshares had a net margin of 22.63% and a return on equity of 9.88%. The firm had revenue of $35.25 million during the quarter.
A number of hedge funds have recently added to or reduced their stakes in NCBS. Legal & General Group Plc raised its position in Nicolet Bankshares by 10.1% in the 2nd quarter. Legal & General Group Plc now owns 2,321 shares of the bank’s stock valued at $127,000 after purchasing an additional 212 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Nicolet Bankshares in the 2nd quarter valued at $170,000. Bessemer Group Inc. purchased a new stake in Nicolet Bankshares in the 2nd quarter valued at $241,000. Spark Investment Management LLC purchased a new stake in Nicolet Bankshares in the 2nd quarter valued at $273,000. Finally, Nationwide Fund Advisors raised its position in Nicolet Bankshares by 12.6% in the 2nd quarter. Nationwide Fund Advisors now owns 5,035 shares of the bank’s stock valued at $275,000 after purchasing an additional 563 shares during the last quarter. Hedge funds and other institutional investors own 35.47% of the company’s stock.
Separately, Maxim Group raised their target price on shares of Nicolet Bankshares from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 19th.
Nicolet Bankshares Company Profile
Nicolet Bankshares, Inc is a bank holding company. The Company conducts operations through its subsidiary, Nicolet National Bank (the Bank), which is a commercial bank. The Company also owns investment advisory firms, Brookfield Investment Partners, LLC, which provides investment strategy and transactional services to select community banks, and Nicolet Advisory Services, LLC, which conducts brokerage and financial advisory services primarily to individual consumers.
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