National Commerce (NASDAQ:NCOM) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of National Commerce (NASDAQ:NCOM) from a sell rating to a hold rating in a report issued on Friday, November 17th.

According to Zacks, “National Commerce Corporation is a bank holding company. It offers services which include demand deposits, interest-bearing transaction accounts, money market accounts, savings deposits, certificates of deposit, commercial real estate term loans, residential mortgage loans, construction and land development loans, home equity lines of credit secured by residential property; commercial and industrial loans; consumer loans, factoring, invoicing, collection, accounts receivable management services to transportation companies, automotive parts and service providers. The company operates primarily in Alabama, Huntsville, Auburn-Opelika, Baldwin County and Vero Beach, Florida. National Commerce Corporation is headquartered in Birmingham, Alabama. “

Several other research analysts have also recently commented on the company. Keefe, Bruyette & Woods reissued a hold rating and set a $43.00 price target on shares of National Commerce in a research report on Thursday, October 26th. BidaskClub raised National Commerce from a sell rating to a hold rating in a research report on Saturday, August 26th. Finally, Stephens set a $41.00 price objective on National Commerce and gave the company a hold rating in a research report on Thursday, August 17th. Seven analysts have rated the stock with a hold rating, National Commerce has an average rating of Hold and an average target price of $43.75.

Shares of National Commerce (NASDAQ NCOM) traded up $0.75 during midday trading on Friday, reaching $41.85. The company had a trading volume of 73,635 shares, compared to its average volume of 33,123. National Commerce has a 1 year low of $32.60 and a 1 year high of $43.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $607.63, a PE ratio of 22.46 and a beta of 1.02.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in National Commerce by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 344,839 shares of the financial services provider’s stock worth $12,621,000 after acquiring an additional 19,084 shares during the period. Bank of New York Mellon Corp increased its stake in National Commerce 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 worth $1,900,000 after acquiring an additional 5,044 shares during the period. Dimensional Fund Advisors LP bought a new position in National Commerce during the 1st quarter worth $1,554,000. Banc Funds Co. LLC increased its stake in National Commerce by 37.5% during the 2nd quarter. Banc Funds Co. LLC now owns 385,351 shares of the financial services provider’s stock worth $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 in the 2nd quarter valued at $9,709,000. Institutional investors own 47.94% of the company’s stock.

WARNING: “National Commerce (NASDAQ:NCOM) Rating Increased to Hold at Zacks Investment Research” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/04/national-commerce-corporation-ncom-stock-rating-upgraded-by-zacks-investment-research.html.

National Commerce 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.

Get a free copy of the Zacks research report on National Commerce (NCOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for National Commerce Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Commerce Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply