Shares of National Commerce Corp (NASDAQ:NCOM) have earned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $42.00.
A number of research firms have recently commented on NCOM. ValuEngine cut National Commerce from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. Zacks Investment Research upgraded National Commerce from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Stephens restated a “hold” rating and issued a $39.00 target price on shares of National Commerce in a research note on Thursday, October 25th. Raymond James cut National Commerce from an “outperform” rating to a “market perform” rating and set a $41.00 target price for the company. in a research note on Tuesday, November 27th. Finally, BidaskClub cut National Commerce from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 29th.
Shares of NCOM stock opened at $37.70 on Tuesday. The company has a market capitalization of $789.44 million, a PE ratio of 19.14 and a beta of 1.19. National Commerce has a fifty-two week low of $33.40 and a fifty-two week high of $48.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02.
National Commerce (NASDAQ:NCOM) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.09). The business had revenue of $44.79 million during the quarter, compared to the consensus estimate of $44.05 million. National Commerce had a return on equity of 8.03% and a net margin of 19.31%. Research analysts forecast that National Commerce will post 2.55 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its stake in National Commerce by 21.4% during the second quarter. First Trust Advisors LP now owns 24,396 shares of the financial services provider’s stock valued at $1,130,000 after buying an additional 4,303 shares during the last quarter. Rhumbline Advisers raised its stake in National Commerce by 35.3% during the second quarter. Rhumbline Advisers now owns 13,958 shares of the financial services provider’s stock valued at $646,000 after buying an additional 3,638 shares during the last quarter. Bank of New York Mellon Corp raised its stake in National Commerce by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 67,421 shares of the financial services provider’s stock valued at $3,121,000 after buying an additional 5,006 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in National Commerce by 12.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 64,386 shares of the financial services provider’s stock valued at $2,982,000 after buying an additional 7,182 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in National Commerce during the second quarter valued at $341,000. Institutional investors own 50.84% of the company’s stock.
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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