Maxim Group Issues a Buy Rating on Nicolet Bankshares

By Jason Carr

In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on Nicolet Bankshares (NASDAQ: NCBS), with a price target of $54. The company’s shares closed yesterday at $47.69.

Diana noted:

“NCBS reported 1Q17 EPS of $0.69 versus consensus of $0.71.”

According to TipRanks.com, Diana is a 4-star analyst with an average return of 6.1% and a 59.9% success rate. Diana covers the Financial sector, focusing on stocks such as Wheeler Real Estate ate Investment Trust Inc, First Savings Financial Group, and ARMOUR Residential REIT Inc.

Nicolet Bankshares has an analyst consensus of Moderate Buy, with a price target consensus of $54.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative 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. It also offers commercial, construction, real estate, home equity and consumer loans, as well as trust, investment management, and brokerage services. It online banking products include commercial, retail, and trust online banking; automated bill payment services; and telephone banking. The company also provides wire transfers, courier services, debit cards, direct deposit of payroll and social security checks, official bank checks, credit cards, safe deposit boxes, traveler’s checks, United States savings bonds, and other services. Nicolet Bankshares was founded on April 5, 2000 and is headquartered in Green Bay, WI.