Equities analysts predict that National Commerce Corp (NASDAQ:NCOM) will announce $0.48 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for National Commerce’s earnings. National Commerce reported earnings of $0.44 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The firm is expected to report its next earnings results on Tuesday, January 23rd.
According to Zacks, analysts expect that National Commerce will report full-year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.88 to $1.92. For the next year, analysts anticipate that the business will report earnings of $2.63 per share, with EPS estimates ranging from $2.55 to $2.71. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for National Commerce.
NCOM has been the subject of several research reports. Zacks Investment Research upgraded shares of National Commerce from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 price objective on shares of National Commerce in a research note on Friday, December 22nd. Finally, BidaskClub lowered shares of National Commerce from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $44.25.
Shares of National Commerce (NASDAQ:NCOM) traded up $0.55 during trading on Friday, hitting $42.10. 146,433 shares of the company traded hands, compared to its average volume of 46,791. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $614.28, a price-to-earnings ratio of 23.01 and a beta of 1.02. National Commerce has a 52 week low of $35.00 and a 52 week high of $43.80.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in National Commerce by 22.7% during the 2nd quarter. Vanguard Group Inc. now owns 423,100 shares of the financial services provider’s stock valued at $16,733,000 after purchasing an additional 78,261 shares in the last quarter. Banc Funds Co. LLC increased its stake in National Commerce by 37.5% during the 2nd quarter. Banc Funds Co. LLC now owns 385,351 shares of the financial services provider’s stock valued at $15,241,000 after purchasing an additional 105,000 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in National Commerce during the 2nd quarter valued at about $9,709,000. The Manufacturers Life Insurance Company increased its stake in National Commerce by 56.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 220,139 shares of the financial services provider’s stock valued at $8,706,000 after purchasing an additional 79,810 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in National Commerce by 5.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 196,641 shares of the financial services provider’s stock valued at $7,777,000 after purchasing an additional 10,400 shares in the last quarter. Institutional investors and hedge funds own 47.85% of the company’s stock.
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About National Commerce
National Commerce Corporation (NCC) is a financial holding company. The Company is engaged in the business of banking through its banking subsidiary, National Bank of Commerce (the Bank). The Company, through the Bank, provides a range of financial services to businesses, business owners and professionals.
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