Nicolet Bankshares, Inc. (NASDAQ:NCBS) CFO Purchases $28,500.00 in Stock

Nicolet Bankshares, Inc. (NASDAQ:NCBSGet Rating) CFO Hubert Phillip Moore, Jr. purchased 375 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, May 13th. The shares were bought at an average cost of $76.00 per share, for a total transaction of $28,500.00. Following the completion of the transaction, the chief financial officer now directly owns 375 shares in the company, valued at approximately $28,500. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of NCBS traded up $0.81 during midday trading on Tuesday, hitting $76.64. The company had a trading volume of 867 shares, compared to its average volume of 51,385. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 13.91 and a beta of 0.66. The company’s 50 day moving average price is $89.10 and its 200 day moving average price is $86.45. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.25. Nicolet Bankshares, Inc. has a 52 week low of $68.07 and a 52 week high of $98.20.

Nicolet Bankshares (NASDAQ:NCBSGet Rating) last announced its quarterly earnings data on Tuesday, April 19th. The bank reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.09. Nicolet Bankshares had a return on equity of 10.09% and a net margin of 25.73%. Equities analysts anticipate that Nicolet Bankshares, Inc. will post 6.97 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Nicolet Bankshares during the fourth quarter worth $154,000. Cornerstone Investment Partners LLC bought a new position in shares of Nicolet Bankshares in the 4th quarter worth about $203,000. Alliancebernstein L.P. acquired a new position in shares of Nicolet Bankshares in the 4th quarter valued at about $206,000. Creative Planning bought a new stake in shares of Nicolet Bankshares during the 3rd quarter valued at about $218,000. Finally, BNP Paribas Arbitrage SA raised its stake in Nicolet Bankshares by 142.1% during the third quarter. BNP Paribas Arbitrage SA now owns 3,007 shares of the bank’s stock worth $223,000 after acquiring an additional 1,765 shares during the period. Institutional investors and hedge funds own 37.63% of the company’s stock.

A number of research analysts have recently commented on NCBS shares. Maxim Group boosted their target price on shares of Nicolet Bankshares from $94.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, January 21st. Piper Sandler upped their price objective on shares of Nicolet Bankshares from $86.00 to $100.00 in a research report on Thursday, January 20th. Zacks Investment Research raised Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a report on Thursday, March 31st. Finally, StockNews.com assumed coverage on Nicolet Bankshares in a report on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $98.00.

Nicolet Bankshares Company Profile (Get Rating)

Nicolet Bankshares, Inc operates as the bank 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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