() released its quarterly results on Tuesday. Reports state that the company's earnings per share were $1.45, which was below the consensus estimate ($1.76), by $0.31. Nicolet Bankshares' net margin was 18.92%, and its return on equity was 10.66%. The firm's revenue was $34,88 million, while analysts expected $80.60 million.
Nicolet Bankshares Stock Performance
The price of the stock fell by $0.02 at midday on Friday to $57.19. The company's shares were traded at a volume of 53,557, as opposed to the average of 37,063. Nicolet Bankshares's 12-month low is $55.10, and its 12-month high is $86.80. The company's debt-to equity ratio is 0.23. It also has a quick and current ratios of 0.85. The market cap is $840.12m, the price-to earnings ratio is 13.49, and beta is 0.70. NIC was the subject of recent analyst reports. Piper Sandler reduced their price target on shares of Nicolet Bankshares in a report published on Wednesday from $75.00 down to $70.00. Maxim Group lowered their price target on shares of Nicolet Bankshares in a report published on Thursday, 19th January from $110.00 down to $100.00. TheStreet, in an article published on Wednesday, lowered the rating of Nicolet Bankshares shares from 'b' to 'c+.
Inflows of Institutional Capital and Outflows
Recently, hedge funds and institutional investors bought and sold shares in the company. Nicolet Bankshares Inc. purchased a new stake of shares in Nicolet Bankshares during the fourth quarter. Dimensional Fund Advisors LP purchased a new stake of Nicolet Bankshares shares in the fourth quarter for $34,801,000. The Manufacturers Life Insurance Company purchased a new stake of Nicolet Bankshares shares in the fourth quarter for $34,122,000. Geode Capital Management LLC purchased a new stake of Nicolet Bankshares shares in the fourth quarter for $18,931,000. Charles Schwab Investment Management Inc. also acquired shares of Nicolet Bankshares during the fourth quarter, worth $7,746,000. Hedge funds and institutional investors own 37.40%.
About Nicolet Bankshares
Nicolet Bankshares, Inc. is a holding firm that provides commercial and consumer banking through its subsidiary. It provides lending, deposit gathering and ancillary products and services related to banking, trusts, brokerage and investment management. It also provides commercial and residential real-estate loans.
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