Shares of National Commerce Corp (NASDAQ:NCOM) have earned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $42.00.
Several analysts have weighed in on NCOM shares. ValuEngine cut National Commerce from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Zacks Investment Research raised National Commerce from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Saturday, January 26th. Finally, BidaskClub cut National Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd.
A number of institutional investors have recently bought and sold shares of NCOM. BlackRock Inc. boosted its position in National Commerce by 27.5% during the 3rd quarter. BlackRock Inc. now owns 1,104,358 shares of the financial services provider’s stock valued at $45,610,000 after acquiring an additional 238,208 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in National Commerce by 56.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 353,868 shares of the financial services provider’s stock valued at $14,615,000 after acquiring an additional 127,172 shares in the last quarter. ARP Americas LP bought a new stake in National Commerce during the 4th quarter valued at approximately $4,341,000. Water Island Capital LLC bought a new stake in shares of National Commerce in the 4th quarter worth approximately $4,014,000. Finally, Vanguard Group Inc boosted its position in shares of National Commerce by 12.6% in the 3rd quarter. Vanguard Group Inc now owns 715,431 shares of the financial services provider’s stock worth $29,547,000 after purchasing an additional 79,814 shares in the last quarter. 51.71% of the stock is currently owned by institutional investors and hedge funds.
National Commerce (NASDAQ:NCOM) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.07). The firm had revenue of $49.03 million for the quarter, compared to the consensus estimate of $48.53 million. National Commerce had a net margin of 22.22% and a return on equity of 7.88%. Equities research analysts anticipate that National Commerce will post 3.11 earnings per share for the current fiscal year.
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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