National Commerce Corporation (NCOM) Expected to Post Quarterly Sales of $31.50 Million

Analysts expect National Commerce Corporation (NASDAQ:NCOM) to post $31.50 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for National Commerce Corporation’s earnings. The highest sales estimate is $32.01 million and the lowest is $31.00 million. National Commerce Corporation reported sales of $20.46 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 54%. The firm is expected to issue its next earnings results on Tuesday, January 23rd.

On average, analysts expect that National Commerce Corporation will report full year sales of $31.50 million for the current financial year, with estimates ranging from $118.80 million to $119.20 million. For the next financial year, analysts forecast that the company will report sales of $152.02 million per share, with estimates ranging from $151.70 million to $152.34 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for National Commerce Corporation.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of National Commerce Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub downgraded shares of National Commerce Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. ValuEngine downgraded shares of National Commerce Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $43.00 price objective on shares of National Commerce Corporation in a research report on Thursday, October 26th. Finally, Stephens set a $41.00 price objective on shares of National Commerce Corporation and gave the company a “hold” rating in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. National Commerce Corporation presently has a consensus rating of “Hold” and a consensus price target of $43.75.

Shares of National Commerce Corporation (NASDAQ:NCOM) traded down $0.35 on Friday, hitting $40.90. 24,602 shares of the stock traded hands, compared to its average volume of 26,807. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $604.38, a P/E ratio of 22.35 and a beta of 1.04. National Commerce Corporation has a twelve month low of $27.20 and a twelve month high of $43.80.

In other news, Director Russell H. Iv Vandevelde acquired 1,767 shares of National Commerce Corporation stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $38.86 per share, for a total transaction of $68,665.62. Following the completion of the transaction, the director now directly owns 98,333 shares in the company, valued at $3,821,220.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 19.40% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of National Commerce Corporation by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 344,839 shares of the financial services provider’s stock valued at $12,621,000 after acquiring an additional 19,084 shares during the period. Bank of New York Mellon Corp lifted its position in shares of National Commerce Corporation by 11.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 48,059 shares of the financial services provider’s stock valued at $1,900,000 after acquiring an additional 5,044 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of National Commerce Corporation during the 1st quarter valued at approximately $1,554,000. Banc Funds Co. LLC lifted its position in shares of National Commerce Corporation by 37.5% during the 2nd quarter. Banc Funds Co. LLC now owns 385,351 shares of the financial services provider’s stock valued at $15,241,000 after acquiring an additional 105,000 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of National Commerce Corporation during the 2nd quarter valued at approximately $9,709,000. Institutional investors own 46.77% of the company’s stock.

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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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Earnings History and Estimates for National Commerce Corporation (NASDAQ:NCOM)

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