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Fly News Breaks for April 18, 2019
NCBS
Apr 18, 2019 | 08:04 EDT
Maxim analyst Michael Diana raised his price target on Nicolet Bankshares to $66 and kept his Buy rating after its Q1 earnings beat that was driven by a wider net interest margin. The analyst also raises his implied forward earnings multiple on the stock to 14-times from 13.6-times and believes that the premium relative to the small-cap peers' multiple of 9.9-times is warranted by Nicolet Bankshares' "superior net interest margin, core deposit funding, and non-interest income contribution."
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