Analysts Expect National Commerce Corp. (NCOM) to Post $0.39 Earnings Per Share
National Commerce Corp. (NASDAQ:NCOM) has earned a consensus broker rating score of 2.67 (Hold) from the three analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. National Commerce Corp.’s rating score has declined by 33.5% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus target price of $28.33 for the company and are forecasting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given National Commerce Corp. an industry rank of 109 out of 265 based on the ratings given to related companies.
A number of analysts have recently weighed in on the company. FIG Partners lowered National Commerce Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 1st. Zacks Investment Research lowered National Commerce Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th.
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National Commerce Corp. (NASDAQ:NCOM) traded down 0.11% during trading on Tuesday, reaching $26.86. 11,520 shares of the company’s stock were exchanged. National Commerce Corp. has a 12 month low of $20.50 and a 12 month high of $28.74. The stock has a market cap of $291.97 million, a PE ratio of 20.90 and a beta of 1.04. The firm has a 50 day moving average of $27.16 and a 200-day moving average of $24.74.
National Commerce Corp. (NASDAQ:NCOM) last released its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. National Commerce Corp. had a return on equity of 6.45% and a net margin of 17.44%. On average, equities research analysts anticipate that National Commerce Corp. will post $1.53 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the company. Oxford Asset Management acquired a new stake in shares of National Commerce Corp. during the second quarter worth approximately $225,000. State Street Corp raised its stake in shares of National Commerce Corp. by 12.9% in the first quarter. State Street Corp now owns 59,820 shares of the financial services provider’s stock worth $1,412,000 after buying an additional 6,830 shares during the last quarter. Spark Investment Management LLC raised its stake in shares of National Commerce Corp. by 64.2% in the first quarter. Spark Investment Management LLC now owns 19,700 shares of the financial services provider’s stock worth $465,000 after buying an additional 7,700 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of National Commerce Corp. by 40.5% in the second quarter. BlackRock Fund Advisors now owns 219,540 shares of the financial services provider’s stock worth $5,120,000 after buying an additional 63,249 shares during the last quarter. Finally, BlackRock Investment Management LLC raised its stake in shares of National Commerce Corp. by 50.2% in the second quarter. BlackRock Investment Management LLC now owns 35,791 shares of the financial services provider’s stock worth $835,000 after buying an additional 11,957 shares during the last quarter. 36.76% of the stock is owned by institutional investors.
National Commerce Corp. 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.
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