$0.65 Earnings Per Share Expected for National Commerce (NCOM) This Quarter

Wall Street analysts predict that National Commerce (NASDAQ:NCOM) will announce earnings of $0.65 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for National Commerce’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.66. National Commerce posted earnings of $0.48 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 35.4%. The firm is expected to announce its next earnings results on Tuesday, July 24th.

According to Zacks, analysts expect that National Commerce will report full-year earnings of $2.73 per share for the current year, with EPS estimates ranging from $2.64 to $2.86. For the next fiscal year, analysts anticipate that the business will post earnings of $3.24 per share, with EPS estimates ranging from $3.14 to $3.30. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for National Commerce.

National Commerce (NASDAQ:NCOM) last issued its earnings results on Wednesday, April 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). National Commerce had a net margin of 16.53% and a return on equity of 7.69%. The firm had revenue of $37.69 million during the quarter, compared to analyst estimates of $37.66 million.

Several equities research analysts recently issued reports on NCOM shares. BidaskClub downgraded shares of National Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Zacks Investment Research downgraded shares of National Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.00.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in National Commerce in the 1st quarter valued at about $107,000. Oakworth Capital Inc. acquired a new stake in National Commerce in the 1st quarter valued at about $130,000. Barclays PLC lifted its stake in National Commerce by 73.0% in the 1st quarter. Barclays PLC now owns 3,293 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,390 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in National Commerce in the 3rd quarter valued at about $162,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in National Commerce in the 1st quarter valued at about $200,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

NASDAQ:NCOM traded down $0.40 during mid-day trading on Friday, hitting $45.40. The stock had a trading volume of 29,396 shares, compared to its average volume of 29,778. National Commerce has a twelve month low of $36.85 and a twelve month high of $46.60. The company has a market capitalization of $789.10 million, a P/E ratio of 23.05 and a beta of 1.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02.

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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