Shares of National Commerce Corp. (NASDAQ:NCOM) have earned an average broker rating score of 2.67 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. National Commerce Corp.’s rating score has declined by 33.5% from 90 days ago as a result of various analysts’ ratings changes.
Brokers have set a twelve-month consensus price target of $28.33 for the company and are forecasting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given National Commerce Corp. an industry rank of 155 out of 265 based on the ratings given to its competitors.
A number of brokerages have issued reports on NCOM. Zacks Investment Research raised National Commerce Corp. from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Friday, July 29th. FIG Partners cut National Commerce Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 1st.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCOM. Oxford Asset Management acquired a new position in National Commerce Corp. during the second quarter worth about $225,000. State Street Corp boosted its position in National Commerce Corp. by 12.9% in the first quarter. State Street Corp now owns 59,820 shares of the financial services provider’s stock worth $1,412,000 after buying an additional 6,830 shares in the last quarter. Spark Investment Management LLC boosted its position in National Commerce Corp. by 64.2% in the first quarter. Spark Investment Management LLC now owns 19,700 shares of the financial services provider’s stock worth $465,000 after buying an additional 7,700 shares in the last quarter. California State Teachers Retirement System boosted its position in National Commerce Corp. by 38.5% in the second quarter. California State Teachers Retirement System now owns 17,737 shares of the financial services provider’s stock worth $414,000 after buying an additional 4,926 shares in the last quarter. Finally, Northpointe Capital LLC boosted its position in National Commerce Corp. by 47.5% in the second quarter. Northpointe Capital LLC now owns 90,678 shares of the financial services provider’s stock worth $2,115,000 after buying an additional 29,202 shares in the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.
National Commerce Corp. (NASDAQ:NCOM) opened at 26.80 on Tuesday. The stock’s 50 day moving average is $27.20 and its 200 day moving average is $24.81. The company has a market cap of $291.32 million, a price-to-earnings ratio of 20.86 and a beta of 1.04. National Commerce Corp. has a 52-week low of $20.50 and a 52-week high of $28.74.
National Commerce Corp. (NASDAQ:NCOM) last issued its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. National Commerce Corp. had a return on equity of 6.45% and a net margin of 17.44%. Equities research analysts forecast that National Commerce Corp. will post $1.53 earnings per share for the current year.
About National Commerce Corp.
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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