First Quadrant L P CA Takes Position in National Commerce Corporation (NCOM)

First Quadrant L P CA acquired a new position in shares of National Commerce Corporation (NASDAQ:NCOM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,749 shares of the financial services provider’s stock, valued at approximately $332,000. First Quadrant L P CA owned approximately 0.06% of National Commerce Corporation as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of NCOM. SG Americas Securities LLC bought a new stake in National Commerce Corporation during the 1st quarter worth approximately $108,000. Legal & General Group Plc increased its holdings in National Commerce Corporation by 12.0% during the 2nd quarter. Legal & General Group Plc now owns 2,754 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 296 shares in the last quarter. American International Group Inc. increased its holdings in National Commerce Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 5,207 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 344 shares in the last quarter. Globeflex Capital L P bought a new stake in National Commerce Corporation during the 2nd quarter worth approximately $247,000. Finally, HighTower Advisors LLC bought a new stake in National Commerce Corporation during the 2nd quarter worth approximately $254,000. 44.51% of the stock is owned by hedge funds and other institutional investors.

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In other National Commerce Corporation news, Director Russell H. Iv Vandevelde bought 1,767 shares of National Commerce Corporation stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $38.86 per share, with a total value of $68,665.62. Following the completion of the acquisition, the director now directly owns 98,333 shares in the company, valued at approximately $3,821,220.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 19.40% of the company’s stock.

National Commerce Corporation (NCOM) opened at $40.90 on Monday. The stock has a market capitalization of $604.39, a P/E ratio of 22.35 and a beta of 1.04. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.07. National Commerce Corporation has a twelve month low of $27.20 and a twelve month high of $43.80.

A number of brokerages have commented on NCOM. Stephens set a $41.00 price objective on National Commerce Corporation and gave the stock a “hold” rating in a report on Thursday, August 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $43.00 price objective on shares of National Commerce Corporation in a report on Thursday, October 26th. Zacks Investment Research lowered National Commerce Corporation from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Finally, BidaskClub raised National Commerce Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $43.75.

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

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