Shares of National Commerce Corporation (NASDAQ:NCOM) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $41.50.

NCOM has been the subject of a number of analyst reports. ValuEngine upgraded shares of National Commerce Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $38.00 target price on shares of National Commerce Corporation in a research note on Friday, May 12th. Zacks Investment Research cut shares of National Commerce Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. TheStreet upgraded shares of National Commerce Corporation from a “c” rating to a “b-” rating in a research note on Monday, March 20th. Finally, FBR & Co lifted their target price on shares of National Commerce Corporation from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th.

Shares of National Commerce Corporation (NASDAQ:NCOM) traded down 0.75% during mid-day trading on Tuesday, reaching $39.95. The company’s stock had a trading volume of 7,197 shares. The company has a 50 day moving average price of $38.32 and a 200 day moving average price of $37.47. The stock has a market capitalization of $517.91 million, a P/E ratio of 23.19 and a beta of 1.08. National Commerce Corporation has a 12 month low of $23.12 and a 12 month high of $41.25.

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Several institutional investors have recently made changes to their positions in the stock. Elizabeth Park Capital Advisors Ltd. raised its position in shares of National Commerce Corporation by 184.1% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 136,244 shares of the financial services provider’s stock valued at $4,987,000 after buying an additional 88,284 shares during the period. Renaissance Technologies LLC raised its position in shares of National Commerce Corporation by 389.7% in the fourth quarter. Renaissance Technologies LLC now owns 54,700 shares of the financial services provider’s stock valued at $2,032,000 after buying an additional 43,530 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of National Commerce Corporation during the first quarter valued at about $1,554,000. Modera Wealth Management LLC purchased a new position in shares of National Commerce Corporation during the first quarter valued at about $1,550,000. Finally, State Street Corp raised its position in shares of National Commerce Corporation by 32.1% in the fourth quarter. State Street Corp now owns 120,161 shares of the financial services provider’s stock valued at $4,466,000 after buying an additional 29,167 shares during the period. 40.08% of the stock is owned by institutional investors.

About National Commerce Corporation

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.

Analyst Recommendations for National Commerce Corporation (NASDAQ:NCOM)

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