National Commerce Corporation (NASDAQ:NCOM) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have covered the stock in the last year is $41.33.
Several research analysts have recently issued reports on NCOM shares. ValuEngine cut National Commerce Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research cut National Commerce Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Stephens set a $41.00 price target on National Commerce Corporation and gave the stock a “hold” rating in a research note on Thursday, August 17th. Finally, BidaskClub cut National Commerce Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 18th.
Shares of National Commerce Corporation (NASDAQ NCOM) traded up 0.23% during midday trading on Thursday, hitting $42.75. 23,053 shares of the company’s stock traded hands. The stock has a market cap of $601.49 million, a P/E ratio of 23.83 and a beta of 1.09. National Commerce Corporation has a 52 week low of $26.54 and a 52 week high of $43.80. The company has a 50 day moving average of $41.49 and a 200 day moving average of $39.52.
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In other National Commerce Corporation news, Director Russell H. Iv Vandevelde purchased 1,767 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $38.86 per share, with a total value of $68,665.62. Following the completion of the purchase, the director now owns 98,333 shares in the company, valued at approximately $3,821,220.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 19.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in NCOM. Nationwide Fund Advisors boosted its stake in National Commerce Corporation by 100.8% during the first quarter. Nationwide Fund Advisors now owns 10,878 shares of the financial services provider’s stock valued at $398,000 after buying an additional 5,461 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in National Commerce Corporation by 475.9% during the first quarter. Russell Investments Group Ltd. now owns 12,094 shares of the financial services provider’s stock valued at $442,000 after buying an additional 9,994 shares in the last quarter. First Trust Advisors LP boosted its stake in National Commerce Corporation by 13.6% during the first quarter. First Trust Advisors LP now owns 31,946 shares of the financial services provider’s stock valued at $1,169,000 after buying an additional 3,822 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in National Commerce Corporation by 12.9% during the first quarter. Bank of New York Mellon Corp now owns 43,015 shares of the financial services provider’s stock valued at $1,574,000 after buying an additional 4,915 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in National Commerce Corporation during the first quarter valued at about $108,000. 47.21% of the stock is owned by institutional investors and hedge funds.
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.
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