National Commerce Corporation (NASDAQ:NCOM) – Investment analysts at FIG Partners reduced their Q1 2018 earnings per share (EPS) estimates for shares of National Commerce Corporation in a note issued to investors on Thursday. FIG Partners analyst C. Marinac now expects that the financial services provider will earn $0.50 per share for the quarter, down from their prior forecast of $0.53. FIG Partners also issued estimates for National Commerce Corporation’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.62 EPS and FY2018 earnings at $2.31 EPS.

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Several other equities analysts have also issued reports on the stock. BidaskClub lowered shares of National Commerce Corporation from a “hold” rating to a “sell” rating in a report on Friday. Stephens set a $41.00 price target on shares of National Commerce Corporation and gave the company a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of National Commerce Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. ValuEngine lowered shares of National Commerce Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price target on shares of National Commerce Corporation in a report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $39.00.

Shares of National Commerce Corporation (NASDAQ:NCOM) opened at 39.05 on Monday. The stock has a market cap of $549.43 million, a price-to-earnings ratio of 21.77 and a beta of 1.07. The stock has a 50 day moving average price of $39.93 and a 200-day moving average price of $38.30. National Commerce Corporation has a 12-month low of $25.56 and a 12-month high of $41.25.

Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its position in shares of National Commerce Corporation by 9.4% in the second quarter. California State Teachers Retirement System now owns 18,637 shares of the financial services provider’s stock valued at $737,000 after buying an additional 1,600 shares during the period. The Manufacturers Life Insurance Company raised its position 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 worth $8,706,000 after buying an additional 79,810 shares during the last quarter. State Street Corp raised its position in shares of National Commerce Corporation by 20.9% in the second quarter. State Street Corp now owns 150,463 shares of the financial services provider’s stock worth $5,952,000 after buying an additional 26,058 shares during the last quarter. ELCO Management Co. LLC bought a new position in shares of National Commerce Corporation during the second quarter worth $566,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of National Commerce Corporation during the second quarter worth $9,709,000. 37.51% of the stock is owned by institutional investors.

National Commerce Corporation 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.

Earnings History and Estimates for National Commerce Corporation (NASDAQ:NCOM)

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