Nicolet Bankshares (NCBS) Issues Earnings Results

Share on StockTwits

Nicolet Bankshares (NASDAQ:NCBS) posted its earnings results on Tuesday. The bank reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04, Fidelity Earnings reports. Nicolet Bankshares had a return on equity of 10.93% and a net margin of 24.86%. The company had revenue of $36.66 million for the quarter, compared to the consensus estimate of $36.10 million.

NCBS stock opened at $57.26 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $561.20 million, a P/E ratio of 13.90, a PEG ratio of 1.95 and a beta of 0.86. Nicolet Bankshares has a 12-month low of $46.02 and a 12-month high of $61.51.

In related news, insider Michael Joseph Steppe sold 2,888 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $55.71, for a total value of $160,890.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert Bruce Atwell sold 10,000 shares of the business’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $53.23, for a total value of $532,300.00. The disclosure for this sale can be found here. Insiders sold a total of 19,576 shares of company stock worth $1,063,438 in the last quarter. Company insiders own 17.40% of the company’s stock.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Saturday, January 19th. BidaskClub upgraded Nicolet Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, ValuEngine upgraded Nicolet Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

COPYRIGHT VIOLATION WARNING: “Nicolet Bankshares (NCBS) Issues Earnings Results” was first posted by Macon Daily and is the property of of Macon Daily. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://macondaily.com/2019/04/17/nicolet-bankshares-ncbs-issues-earnings-results.html.

Nicolet Bankshares Company Profile

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.

Further Reading: Why is a lock-up period needed for an IPO?

Earnings History for Nicolet Bankshares (NASDAQ:NCBS)

Receive News & Ratings for Nicolet Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nicolet Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.