National Commerce Corporation (NASDAQ:NCOM) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have covered the stock in the last year is $41.50.

NCOM has been the topic of a number of research reports. Zacks Investment Research lowered shares of National Commerce Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Stephens reaffirmed a “hold” rating on shares of National Commerce Corporation in a research note on Tuesday, April 25th. FBR & Co raised their price target 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. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $38.00 price target on shares of National Commerce Corporation in a research note on Friday, May 12th. Finally, ValuEngine lowered shares of National Commerce Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th.

WARNING: “National Commerce Corporation (NASDAQ:NCOM) Receives Consensus Recommendation of “Hold” from Brokerages” was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/08/05/national-commerce-corporation-nasdaqncom-receives-consensus-recommendation-of-hold-from-brokerages.html.

Shares of National Commerce Corporation (NASDAQ:NCOM) traded up 0.88% during midday trading on Friday, hitting $39.95. The stock had a trading volume of 23,427 shares. National Commerce Corporation has a 52-week low of $24.72 and a 52-week high of $41.25. The stock has a market cap of $562.10 million, a PE ratio of 22.27 and a beta of 1.07. The firm has a 50 day moving average price of $39.64 and a 200-day moving average price of $38.05.

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 worth $4,466,000 after buying an additional 29,167 shares in the last quarter. 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 worth $2,032,000 after buying an additional 43,530 shares in the last quarter. Fenimore Asset Management Inc. raised its position in shares of National Commerce Corporation by 1.7% in the first quarter. Fenimore Asset Management Inc. now owns 265,498 shares of the financial services provider’s stock worth $9,717,000 after buying an additional 4,410 shares in the last quarter. Bank of Montreal Can raised its position in shares of National Commerce Corporation by 36.0% in the first quarter. Bank of Montreal Can now owns 6,054 shares of the financial services provider’s stock worth $222,000 after buying an additional 1,604 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of National Commerce Corporation by 100.8% in the first quarter. Nationwide Fund Advisors now owns 10,878 shares of the financial services provider’s stock worth $398,000 after buying an additional 5,461 shares in the last quarter. 36.90% of the stock is currently owned by hedge funds and other 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)

Receive News & Ratings for National Commerce Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Commerce Corporation and related companies with MarketBeat.com's FREE daily email newsletter.