Nicolet Bankshares, Inc. (NASDAQ:NCBS – Get Rating) insider Eric Peter Radzak bought 1,000 shares of the stock in a transaction dated Friday, May 6th. The shares were bought at an average cost of $79.13 per share, with a total value of $79,130.00. Following the completion of the acquisition, the insider now directly owns 2,775 shares of the company’s stock, valued at approximately $219,585.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ NCBS opened at $79.12 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $90.89 and a 200-day simple moving average of $86.23. The company has a market cap of $1.06 billion, a PE ratio of 14.52 and a beta of 0.66. Nicolet Bankshares, Inc. has a 12-month low of $68.07 and a 12-month high of $98.20.
Nicolet Bankshares (NASDAQ:NCBS – Get Rating) last released its earnings results on Tuesday, April 19th. The bank reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.09. Nicolet Bankshares had a return on equity of 10.09% and a net margin of 25.73%. Sell-side analysts forecast that Nicolet Bankshares, Inc. will post 6.97 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Shell Asset Management Co. lifted its position in Nicolet Bankshares by 2.1% in the fourth quarter. Shell Asset Management Co. now owns 5,136 shares of the bank’s stock worth $440,000 after purchasing an additional 104 shares during the period. Voya Investment Management LLC lifted its position in Nicolet Bankshares by 5.2% in the third quarter. Voya Investment Management LLC now owns 4,106 shares of the bank’s stock worth $305,000 after purchasing an additional 202 shares during the period. Stifel Financial Corp lifted its position in Nicolet Bankshares by 1.4% in the fourth quarter. Stifel Financial Corp now owns 16,068 shares of the bank’s stock worth $1,378,000 after purchasing an additional 227 shares during the period. Panagora Asset Management Inc. lifted its position in Nicolet Bankshares by 2.1% in the third quarter. Panagora Asset Management Inc. now owns 15,271 shares of the bank’s stock worth $1,133,000 after purchasing an additional 320 shares during the period. Finally, Arizona State Retirement System lifted its position in Nicolet Bankshares by 13.2% in the first quarter. Arizona State Retirement System now owns 3,285 shares of the bank’s stock worth $307,000 after purchasing an additional 383 shares during the period. Hedge funds and other institutional investors own 37.63% of the company’s stock.
Nicolet Bankshares Company Profile (Get Rating)
Nicolet Bankshares, Inc operates as the holding company for Nicolet National Bank that provides banking products and services for businesses and individuals. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial, and business loans and lines of credit; commercial real estate loans; agricultural (AG) production and AG real estate loans; commercial real estate investment real estate loans; construction and land development loans; residential real estate loans, such as residential first lien and junior lien mortgages, home equity loans, lines of credit, and residential construction loans; and consumer loans.
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