National Commerce Corp (NCOM) Receives Average Recommendation of “Hold” from Analysts

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National Commerce Corp (NASDAQ:NCOM) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $41.67.

Several brokerages have recently issued reports on NCOM. ValuEngine cut National Commerce from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Raymond James upgraded National Commerce from a “market perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research note on Thursday, October 25th. Stephens reiterated a “hold” rating and issued a $48.00 price objective on shares of National Commerce in a research note on Thursday, July 26th. Zacks Investment Research upgraded National Commerce from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Finally, BidaskClub cut National Commerce from a “hold” rating to a “sell” rating in a research note on Monday, September 17th.

Shares of NCOM traded up $0.09 during midday trading on Thursday, hitting $37.19. The company had a trading volume of 1,103 shares, compared to its average volume of 48,552. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $758.11 million, a PE ratio of 18.88 and a beta of 1.02. National Commerce has a 1 year low of $35.02 and a 1 year high of $48.60.

National Commerce (NASDAQ:NCOM) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.09). The company had revenue of $44.79 million during the quarter, compared to analysts’ expectations of $44.05 million. National Commerce had a net margin of 19.31% and a return on equity of 8.92%. Analysts predict that National Commerce will post 2.56 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. MinichMacGregor Wealth Management LLC purchased a new stake in National Commerce during the second quarter worth approximately $134,000. Barclays PLC lifted its stake in National Commerce by 73.0% during the first quarter. Barclays PLC now owns 3,293 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,390 shares during the last quarter. Pinnacle Financial Partners Inc. lifted its stake in National Commerce by 688.9% during the third quarter. Pinnacle Financial Partners Inc. now owns 3,550 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 3,100 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in National Commerce by 62.5% during the first quarter. JPMorgan Chase & Co. now owns 4,208 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,619 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its stake in National Commerce by 32.0% during the second quarter. Metropolitan Life Insurance Co. NY now owns 5,020 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 1,217 shares during the last quarter. Hedge funds and other institutional investors own 45.29% 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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