National Commerce Corp (NASDAQ:NCOM) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $44.25.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut National Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub lowered National Commerce from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $43.00 target price on shares of National Commerce in a research note on Thursday, October 26th.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in National Commerce 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 acquiring an additional 296 shares in the last quarter. Nationwide Fund Advisors lifted its stake in National Commerce by 7.1% during the 2nd quarter. Nationwide Fund Advisors now owns 11,655 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 777 shares in the last quarter. Rhumbline Advisers lifted its stake in National Commerce by 13.4% during the 2nd quarter. Rhumbline Advisers now owns 9,971 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 1,182 shares in the last quarter. California State Teachers Retirement System lifted its stake in National Commerce by 9.4% during the 2nd quarter. California State Teachers Retirement System now owns 18,637 shares of the financial services provider’s stock worth $737,000 after acquiring an additional 1,600 shares in the last quarter. Finally, OxFORD Asset Management LLP lifted its stake in National Commerce by 23.5% during the 2nd quarter. OxFORD Asset Management LLP now owns 12,662 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 2,406 shares in the last quarter. 47.83% of the stock is currently owned by hedge funds and other institutional investors.
National Commerce (NASDAQ NCOM) traded down $0.10 during midday trading on Friday, hitting $45.25. The stock had a trading volume of 32,076 shares, compared to its average volume of 66,817. The stock has a market cap of $669.92, a PE ratio of 30.99 and a beta of 1.02. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.06. National Commerce has a fifty-two week low of $35.00 and a fifty-two week high of $46.00.
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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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