National Commerce (NASDAQ:NCOM) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday, September 11th.
A number of other equities analysts have also recently commented on NCOM. Zacks Investment Research raised National Commerce from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, June 27th. Stephens reaffirmed a “hold” rating and issued a $48.00 price target on shares of National Commerce in a research note on Thursday, July 26th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $48.67.
Shares of NCOM traded down $0.46 during trading hours on Tuesday, reaching $40.52. 40,568 shares of the company’s stock traded hands, compared to its average volume of 57,396. The company has a market cap of $851.74 million, a PE ratio of 20.57 and a beta of 1.03. National Commerce has a 12 month low of $35.84 and a 12 month high of $48.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05.
National Commerce (NASDAQ:NCOM) last released its earnings results on Wednesday, July 25th. The financial services provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.04). The firm had revenue of $38.08 million during the quarter, compared to the consensus estimate of $38.73 million. National Commerce had a return on equity of 7.97% and a net margin of 18.14%. As a group, analysts predict that National Commerce will post 2.63 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in National Commerce in the first quarter worth $107,000. Oakworth Capital Inc. bought a new position in shares of National Commerce during the first quarter valued at $130,000. MinichMacGregor Wealth Management LLC bought a new position in shares of National Commerce during the second quarter valued at $134,000. Barclays PLC lifted its holdings in shares of National Commerce by 73.0% during the first 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of National Commerce by 62.5% during the first quarter. JPMorgan Chase & Co. now owns 4,208 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 1,619 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.
National Commerce Company Profile
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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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