National Commerce Corporation (NCOM) Shares Bought by American International Group Inc.

American International Group Inc. raised its position in shares of National Commerce Corporation (NASDAQ:NCOM) by 7.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 5,207 shares of the financial services provider’s stock after buying an additional 344 shares during the period. American International Group Inc.’s holdings in National Commerce Corporation were worth $191,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in National Commerce Corporation during the first quarter worth about $108,000. Bank of Montreal Can boosted its position in National Commerce Corporation by 36.0% in the first quarter. Bank of Montreal Can now owns 6,054 shares of the financial services provider’s stock worth $222,000 after buying an additional 1,604 shares in the last quarter. Kinsight LLC boosted its position in National Commerce Corporation by 2.9% in the first quarter. Kinsight LLC now owns 7,057 shares of the financial services provider’s stock worth $258,000 after buying an additional 200 shares in the last quarter. Ronald Blue & Co. LLC acquired a new position in National Commerce Corporation during the first quarter worth about $262,000. Finally, Warren Averett Asset Management LLC acquired a new position in National Commerce Corporation during the first quarter worth about $373,000. Hedge funds and other institutional investors own 37.51% of the company’s stock.

National Commerce Corporation (NASDAQ NCOM) opened at 39.05 on Friday. The company has a 50 day moving average price of $39.93 and a 200-day moving average price of $38.30. The firm has a market capitalization of $549.43 million, a price-to-earnings ratio of 21.77 and a beta of 1.07. National Commerce Corporation has a 1-year low of $25.56 and a 1-year high of $41.25.

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A number of research analysts have issued reports on the company. Stephens set a $41.00 target price on National Commerce Corporation and gave the company a “hold” rating in a research report on Thursday. BidaskClub lowered National Commerce Corporation from a “hold” rating to a “sell” rating in a research note on Friday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 price target on shares of National Commerce Corporation in a research note on Friday, May 12th. Zacks Investment Research raised National Commerce Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, ValuEngine lowered National Commerce Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.00.

National Commerce Corporation Company Profile

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.

Institutional Ownership by Quarter for National Commerce Corporation (NASDAQ:NCOM)

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