Robert J. Weyers Buys 2,500 Shares of Nicolet Bankshares, Inc. (NASDAQ:NCBS) Stock

Nicolet Bankshares, Inc. (NASDAQ:NCBS – Get Rating) Director Robert J. Weyers acquired 2,500 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were bought at an average cost of $78.82 per share, for a total transaction of $197,050.00. Following the acquisition, the director now owns 87,058 shares in the company, valued at $6,861,911.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NCBS stock opened at $78.51 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market capitalization of $1.05 billion, a P/E ratio of 14.41 and a beta of 0.66. The company’s 50 day moving average price is $90.21 and its two-hundred day moving average price is $86.13. Nicolet Bankshares, Inc. has a 52 week low of $68.07 and a 52 week high of $98.20.

Nicolet Bankshares (NASDAQ:NCBS – Get Rating) last posted its quarterly earnings data on Tuesday, April 19th. The bank reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.09. Nicolet Bankshares had a net margin of 25.73% and a return on equity of 10.09%. Analysts forecast that Nicolet Bankshares, Inc. will post 6.97 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in NCBS. Morgan Stanley grew its stake in shares of Nicolet Bankshares by 72.0% in the second quarter. Morgan Stanley now owns 24,885 shares of the bank’s stock valued at $1,750,000 after buying an additional 10,418 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Nicolet Bankshares in the third quarter valued at $516,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Nicolet Bankshares in the third quarter valued at $397,000. Deutsche Bank AG grew its stake in shares of Nicolet Bankshares by 18.3% in the third quarter. Deutsche Bank AG now owns 6,287 shares of the bank’s stock valued at $466,000 after buying an additional 972 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in shares of Nicolet Bankshares in the third quarter valued at $1,106,000. 37.63% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on NCBS. StockNews.com began coverage on shares of Nicolet Bankshares in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Maxim Group raised their target price on shares of Nicolet Bankshares from $94.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, January 21st. Piper Sandler raised their target price on shares of Nicolet Bankshares from $86.00 to $100.00 in a research note on Thursday, January 20th. Finally, Zacks Investment Research raised shares of Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Thursday, March 31st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $98.00.

About Nicolet Bankshares (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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