National Commerce Corporation (NASDAQ:NCOM) received a $41.00 price objective from equities researchers at Stephens in a report issued on Thursday. The firm presently has a “hold” rating on the financial services provider’s stock. Stephens’ price target would indicate a potential upside of 6.77% from the company’s current price.

A number of other brokerages have also issued reports on NCOM. ValuEngine raised National Commerce Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. FBR & Co lifted their target price on National Commerce Corporation from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 26th. Zacks Investment Research lowered National Commerce Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 target price on shares of National Commerce Corporation in a research report on Friday, May 12th. Seven investment analysts have rated the stock with a hold rating, National Commerce Corporation currently has an average rating of “Hold” and an average target price of $39.00.

National Commerce Corporation (NCOM) opened at 38.40 on Thursday. The stock has a market cap of $540.29 million, a P/E ratio of 21.40 and a beta of 1.07. National Commerce Corporation has a 12-month low of $25.56 and a 12-month high of $41.25. The stock has a 50 day moving average price of $39.95 and a 200-day moving average price of $38.29.

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A number of hedge funds have recently made changes to their positions in NCOM. Goldman Sachs Group Inc. purchased a new stake in shares of National Commerce Corporation during the second quarter valued at $9,709,000. Banc Funds Co. LLC raised its stake in shares of National Commerce Corporation by 37.5% in the second quarter. Banc Funds Co. LLC now owns 385,351 shares of the financial services provider’s stock valued at $15,241,000 after buying an additional 105,000 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. raised its stake 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 in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of National Commerce Corporation by 56.9% in the second quarter. The Manufacturers Life Insurance Company now owns 220,139 shares of the financial services provider’s stock valued at $8,706,000 after buying an additional 79,810 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of National Commerce Corporation by 22.7% in the second quarter. Vanguard Group Inc. now owns 423,100 shares of the financial services provider’s stock valued at $16,733,000 after buying an additional 78,261 shares in the last quarter. 37.51% of the stock is 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)

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