In a report released today, Damon Delmonte from KBW assigned a Hold rating to Nicolet Bankshares (NIC – Research Report), with a price target of $81.00. The company’s shares closed today at $79.38.
According to TipRanks, Delmonte is a 5-star analyst with an average return of 18.1% and a 74.77% success rate. Delmonte covers the Financial sector, focusing on stocks such as Bar Harbor Bankshares, Capitol Federal Financial, and Financial Institutions.
Currently, the analyst consensus on Nicolet Bankshares is a Moderate Buy with an average price target of $73.00.
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Based on Nicolet Bankshares’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $34.88 million and a GAAP net loss of $8.9 million. In comparison, last year the company earned a revenue of $69.44 million and had a net profit of $24.16 million
Based on the recent corporate insider activity of 83 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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