Nicolet Bankshares Inc (NCBS) Director Robert J. Weyers Acquires 4,900 Shares of Stock

Nicolet Bankshares Inc (NASDAQ:NCBS) Director Robert J. Weyers acquired 4,900 shares of the stock in a transaction that occurred on Friday, December 7th. The stock was purchased at an average price of $50.94 per share, for a total transaction of $249,606.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NCBS traded up $1.32 during midday trading on Friday, hitting $51.49. 21,871 shares of the company traded hands, compared to its average volume of 7,350. Nicolet Bankshares Inc has a one year low of $48.44 and a one year high of $58.95. The stock has a market cap of $477.91 million, a PE ratio of 15.06, a P/E/G ratio of 1.81 and a beta of 0.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.20.

Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings results on Tuesday, October 16th. The bank reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.13. Nicolet Bankshares had a return on equity of 10.87% and a net margin of 24.34%. The firm had revenue of $37.59 million for the quarter, compared to analysts’ expectations of $37.20 million. Analysts expect that Nicolet Bankshares Inc will post 3.96 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in NCBS. The Manufacturers Life Insurance Company bought a new stake in shares of Nicolet Bankshares during the third quarter valued at about $11,193,000. Bridgeway Capital Management Inc. bought a new stake in shares of Nicolet Bankshares during the third quarter valued at about $1,976,000. Dimensional Fund Advisors LP increased its position in shares of Nicolet Bankshares by 25.8% during the second quarter. Dimensional Fund Advisors LP now owns 138,409 shares of the bank’s stock valued at $7,628,000 after buying an additional 28,384 shares during the period. Martingale Asset Management L P increased its position in shares of Nicolet Bankshares by 219.9% during the second quarter. Martingale Asset Management L P now owns 29,109 shares of the bank’s stock valued at $1,605,000 after buying an additional 20,009 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Nicolet Bankshares during the second quarter valued at about $900,000. Hedge funds and other institutional investors own 35.10% of the company’s stock.

NCBS has been the topic of a number of research reports. BidaskClub cut Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research cut Nicolet Bankshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Finally, ValuEngine cut Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $60.42.

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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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