Signaturefd LLC Takes $237,000 Position in National Commerce (NCOM)

Signaturefd LLC acquired a new position in shares of National Commerce (NASDAQ:NCOM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,453 shares of the financial services provider’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Hyman Charles D bought a new stake in National Commerce during the 1st quarter worth approximately $249,000. Schwab Charles Investment Management Inc. increased its holdings in National Commerce by 12.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 57,204 shares of the financial services provider’s stock worth $2,492,000 after purchasing an additional 6,438 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of National Commerce in the first quarter valued at approximately $200,000. Swiss National Bank grew its holdings in shares of National Commerce by 31.4% in the first quarter. Swiss National Bank now owns 25,100 shares of the financial services provider’s stock valued at $1,093,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of National Commerce in the first quarter valued at approximately $402,000. 44.49% of the stock is owned by hedge funds and other institutional investors.

National Commerce opened at $45.80 on Friday, Marketbeat.com reports. The company has a market capitalization of $782.21 million, a PE ratio of 21.72 and a beta of 1.12. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. National Commerce has a 12-month low of $44.95 and a 12-month high of $45.20.

National Commerce (NASDAQ:NCOM) last released its earnings results on Wednesday, April 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). The business had revenue of $37.69 million during the quarter, compared to the consensus estimate of $37.66 million. National Commerce had a net margin of 16.53% and a return on equity of 7.69%. analysts anticipate that National Commerce will post 2.73 earnings per share for the current fiscal year.

NCOM has been the subject of several recent analyst reports. BidaskClub raised National Commerce from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Zacks Investment Research lowered National Commerce from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. National Commerce currently has an average rating of “Hold” and a consensus target price of $44.00.

About National Commerce

National Commerce Corporation operates as the bank holding company for National Bank of Commerce that provides various financial services to businesses, business owners, and professionals. The company offers deposit products, including interest and noninterest-bearing demand deposits, money market accounts, interest-bearing transaction accounts, savings and time deposits, checking accounts, and certificates of deposit, as well as negotiable orders of withdrawal accounts.

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Institutional Ownership by Quarter for National Commerce (NASDAQ:NCOM)

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