Nicolet Bankshares (NCBS) Receives a Buy from Maxim Group


Maxim Group analyst Michael Diana reiterated a Buy rating on Nicolet Bankshares (NASDAQ: NCBS) today and set a price target of $62. The company’s shares opened today at $53.95.

Diana observed:

“3Q18 EPS of $1.09 versus consensus of $0.96, was due to a much wider NIM. Linked-quarter loan growth was only 0.7%, due to unusually high paydowns.”

According to TipRanks.com, Diana is a 4-star analyst with an average return of 5.0% and a 55.3% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.

Nicolet Bankshares has an analyst consensus of Moderate Buy, with a price target consensus of $61.

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Based on Nicolet Bankshares’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $9.74 million. In comparison, last year the company had a net profit of $9.51 million.

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is neutral on the stock.

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Nicolet Bankshares, Inc. operates as a bank holding company for Nicolet National Bank, which provides commercial and consumer banking services. The bank 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.

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