National Commerce Corp (NCOM) Receives $42.00 Average Price Target from Analysts

National Commerce Corp (NASDAQ:NCOM) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.00.

A number of research firms have issued reports on NCOM. BidaskClub raised National Commerce from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research raised National Commerce from a “sell” rating to a “hold” rating in a report on Friday, August 10th. ValuEngine lowered National Commerce from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Finally, Keefe, Bruyette & Woods raised National Commerce from a “market perform” rating to an “outperform” rating and set a $46.00 price objective on the stock in a report on Thursday, November 8th.

Several large investors have recently made changes to their positions in NCOM. JPMorgan Chase & Co. grew its holdings in shares of National Commerce by 62.5% during the 1st quarter. JPMorgan Chase & Co. now owns 4,208 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,619 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of National Commerce during the 1st quarter worth approximately $235,000. TD Asset Management Inc. grew its holdings in shares of National Commerce by 14.5% during the 2nd quarter. TD Asset Management Inc. now owns 9,500 shares of the financial services provider’s stock worth $440,000 after purchasing an additional 1,200 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of National Commerce during the 2nd quarter worth approximately $334,000. Finally, First Trust Advisors LP grew its holdings in shares of National Commerce by 21.4% during the 2nd quarter. First Trust Advisors LP now owns 24,396 shares of the financial services provider’s stock worth $1,130,000 after purchasing an additional 4,303 shares in the last quarter. 48.08% of the stock is currently owned by institutional investors.

Shares of NCOM stock opened at $38.08 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05. National Commerce has a twelve month low of $35.02 and a twelve month high of $48.60. The company has a market capitalization of $776.41 million, a P/E ratio of 19.33 and a beta of 1.10.

National Commerce (NASDAQ:NCOM) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.09). The business had revenue of $44.79 million during the quarter, compared to analyst estimates of $44.05 million. National Commerce had a net margin of 19.31% and a return on equity of 8.03%. On average, research analysts forecast that National Commerce will post 2.55 EPS for the current year.

National Commerce Company Profile

National Commerce Corporation operates as the bank holding company for National Bank of Commerce that provides various financial services to businesses, business owners, and professionals. The company offers deposit products, including interest and noninterest-bearing demand deposits, money market accounts, interest-bearing transaction accounts, savings and time deposits, checking accounts, and certificates of deposit, as well as negotiable orders of withdrawal accounts.

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