National Commerce Corp (NASDAQ:NCOM) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $46.10 and last traded at $46.10, with a volume of 160190 shares trading hands. The stock had previously closed at $45.70.
A number of research analysts have issued reports on NCOM shares. BidaskClub upgraded shares of National Commerce from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 price target on shares of National Commerce in a research note on Friday, December 22nd. Finally, Zacks Investment Research upgraded shares of National Commerce from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Thursday, January 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $44.25.
The firm has a market capitalization of $786.96, a P/E ratio of 31.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.03 and a quick ratio of 1.04.
National Commerce (NASDAQ:NCOM) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. The firm had revenue of $32.27 million for the quarter, compared to analyst estimates of $31.50 million. National Commerce had a net margin of 15.46% and a return on equity of 7.32%. analysts expect that National Commerce Corp will post 2.75 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in NCOM. Arlington Partners LLC acquired a new stake in shares of National Commerce in the fourth quarter worth $6,689,000. Vanguard Group Inc. increased its stake in shares of National Commerce by 22.7% in the second quarter. Vanguard Group Inc. now owns 423,100 shares of the financial services provider’s stock worth $16,733,000 after acquiring an additional 78,261 shares during the period. BlackRock Inc. increased its stake in shares of National Commerce by 13.2% in the fourth quarter. BlackRock Inc. now owns 606,182 shares of the financial services provider’s stock worth $24,398,000 after acquiring an additional 70,891 shares during the period. Millennium Management LLC increased its stake in shares of National Commerce by 376.5% in the fourth quarter. Millennium Management LLC now owns 73,795 shares of the financial services provider’s stock worth $2,970,000 after acquiring an additional 58,307 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of National Commerce by 60.6% in the third quarter. Dimensional Fund Advisors LP now owns 129,580 shares of the financial services provider’s stock worth $5,546,000 after acquiring an additional 48,888 shares during the period. Hedge funds and other institutional investors own 51.46% 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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