In a report issued on July 19, Christopher Nolan from Ladenburg Thalmann & Co. reiterated a Buy rating on Nicolet Bankshares (NIC – Research Report), with a price target of $90.00. The company’s shares closed last Tuesday at $81.09.
Nolan has an average return of 7.6% when recommending Nicolet Bankshares.
According to TipRanks.com, Nolan is ranked #646 out of 7949 analysts.
Currently, the analyst consensus on Nicolet Bankshares is a Strong Buy with an average price target of $104.33, which is a 30.8% upside from current levels. In a report issued on July 6, Stephens also reiterated a Buy rating on the stock with a $113.00 price target.
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Based on Nicolet Bankshares’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $69.22 million and net profit of $23.99 million. In comparison, last year the company earned revenue of $55.75 million and had a net profit of $18.28 million.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NIC in relation to earlier this year.
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Nicolet Bankshares, Inc. is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary, Nicolet Bank. It offers commercial and personal checking accounts, interest-bearing checking accounts; savings accounts; money market accounts; various types of certificates of deposit; and individual retirement accounts. It also provides commercial, construction, real estate, home equity, and consumer loans; as well as trust, investment management, and brokerage services. The company was founded by Robert Bruc Atwell and Michael E. Daniels on April 5, 2000 and is headquartered in Green Bay, WI.
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