The Nicolet Bankshares Inc. (NCBS) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

The Nicolet Bankshares Inc. (NCBS) Issues Quarterly  Earnings Results, Beats Estimates By $0.07 EPS

Nicolet Bankshares Inc. (NASDAQ:NCBS) issued its quarterly earnings data on Tuesday. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. Nicolet Bankshares had a net margin of 17.10% and a return on equity of 8.13%.

Shares of Nicolet Bankshares (NASDAQ:NCBS) opened at 47.90 on Thursday. The firm has a 50-day moving average of $46.16 and a 200 day moving average of $40.30. The firm has a market capitalization of $411.08 million and a P/E ratio of 20.97. Nicolet Bankshares has a 52 week low of $30.51 and a 52 week high of $48.48.

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 1,850 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $38.50, for a total value of $71,225.00. Following the transaction, the director now directly owns 102,200 shares in the company, valued at approximately $3,934,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert Bruce Atwell sold 5,000 shares of the business’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $44.12, for a total transaction of $220,600.00. Following the completion of the transaction, the chairman now owns 78,007 shares in the company, valued at $3,441,668.84. The disclosure for this sale can be found here. 14.50% of the stock is currently owned by company insiders.

Separately, Maxim Group lifted their price objective on shares of Nicolet Bankshares from $45.00 to $51.00 and gave the company a “buy” rating in a report on Monday, December 19th.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company. The Company conducts operations through its subsidiary, Nicolet National Bank (the Bank), a commercial bank. The Bank is a service community bank, offering traditional banking products and services, and wealth management products and services to businesses and individuals in the markets it serves, delivered through a branch network serving northeast and central Wisconsin communities and Menominee, Michigan, as well as through online and mobile banking capabilities.

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