Morgan Stanley trimmed its stake in Nicolet Bankshares Inc (NASDAQ:NCBS) by 39.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,227 shares of the bank’s stock after selling 8,102 shares during the quarter. Morgan Stanley owned approximately 0.12% of Nicolet Bankshares worth $666,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Nicolet Bankshares by 13.0% in the first quarter. Geode Capital Management LLC now owns 139,007 shares of the bank’s stock valued at $7,586,000 after buying an additional 15,953 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Nicolet Bankshares by 12.6% during the first quarter. Wells Fargo & Company MN now owns 40,638 shares of the bank’s stock worth $2,218,000 after buying an additional 4,546 shares in the last quarter. BlackRock Inc. grew its stake in Nicolet Bankshares by 4.5% in the first quarter. BlackRock Inc. now owns 734,471 shares of the bank’s stock valued at $40,086,000 after purchasing an additional 31,676 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Nicolet Bankshares by 25.1% in the first quarter. JPMorgan Chase & Co. now owns 19,200 shares of the bank’s stock valued at $1,049,000 after purchasing an additional 3,851 shares in the last quarter. Finally, State Street Corp grew its stake in Nicolet Bankshares by 2.8% in the first quarter. State Street Corp now owns 204,869 shares of the bank’s stock valued at $11,182,000 after purchasing an additional 5,504 shares in the last quarter. Institutional investors own 38.46% of the company’s stock.
Shares of NCBS opened at $56.02 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92. Nicolet Bankshares Inc has a one year low of $45.33 and a one year high of $75.99. The company has a 50-day simple moving average of $53.97 and a two-hundred day simple moving average of $59.19. The firm has a market capitalization of $583.17 million, a PE ratio of 11.65 and a beta of 0.82.
Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.34. Nicolet Bankshares had a net margin of 25.25% and a return on equity of 10.26%. The company had revenue of $49.20 million during the quarter, compared to analyst estimates of $44.00 million. Analysts expect that Nicolet Bankshares Inc will post 5.61 EPS for the current fiscal year.
In other Nicolet Bankshares news, Director Robert J. Weyers bought 2,070 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $47.27 per share, for a total transaction of $97,848.90. 14.20% of the stock is owned by insiders.
NCBS has been the subject of several research reports. Hovde Group cut Nicolet Bankshares from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $74.00 to $65.00 in a report on Tuesday, April 7th. Maxim Group reissued a “buy” rating and issued a $70.00 price objective on shares of Nicolet Bankshares in a research note on Friday, July 24th. ValuEngine downgraded Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. TheStreet downgraded Nicolet Bankshares from a “b-” rating to a “c+” rating in a research note on Wednesday, May 13th. Finally, BidaskClub raised Nicolet Bankshares from a “strong sell” rating to a “sell” rating in a report on Friday, July 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Nicolet Bankshares presently has an average rating of “Hold” and a consensus price target of $66.25.
About Nicolet Bankshares
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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