National Commerce (NASDAQ:NCOM) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of National Commerce (NASDAQ:NCOM) from a sell rating to a hold rating in a research note issued to investors on Wednesday, December 20th.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of National Commerce from a buy rating to a hold rating in a research report on Thursday, October 19th. Keefe, Bruyette & Woods reissued a hold rating and issued a $43.00 target price on shares of National Commerce in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $44.25.

National Commerce (NASDAQ:NCOM) traded up $0.20 on Wednesday, hitting $41.55. 50,432 shares of the company traded hands, compared to its average volume of 57,117. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04. National Commerce has a twelve month low of $35.00 and a twelve month high of $43.80. The firm has a market capitalization of $613.54 and a PE ratio of 22.83.

A number of hedge funds have recently made changes to their positions in the business. Castine Capital Management LLC lifted its position in National Commerce by 9.7% during the third quarter. Castine Capital Management LLC now owns 124,777 shares of the financial services provider’s stock valued at $5,341,000 after buying an additional 11,026 shares in the last quarter. Stifel Financial Corp lifted its position in National Commerce by 7.8% during the third quarter. Stifel Financial Corp now owns 65,027 shares of the financial services provider’s stock valued at $2,784,000 after buying an additional 4,724 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in National Commerce by 60.6% during the third quarter. Dimensional Fund Advisors LP now owns 129,580 shares of the financial services provider’s stock valued at $5,546,000 after buying an additional 48,888 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in National Commerce by 195.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 44,398 shares of the financial services provider’s stock valued at $1,901,000 after buying an additional 29,366 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in National Commerce by 81.2% during the third quarter. Wells Fargo & Company MN now owns 43,192 shares of the financial services provider’s stock valued at $1,848,000 after buying an additional 19,360 shares in the last quarter. 47.85% of the stock is currently owned by hedge funds and other institutional investors.

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About National Commerce

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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