Brokerages forecast that National Commerce Corporation (NASDAQ:NCOM) will announce sales of $30.77 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for National Commerce Corporation’s earnings. The highest sales estimate is $30.90 million and the lowest is $30.63 million. National Commerce Corporation posted sales of $20.88 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 47.4%. The firm is expected to report its next earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that National Commerce Corporation will report full year sales of $30.77 million for the current financial year, with estimates ranging from $118.80 million to $119.49 million. For the next financial year, analysts anticipate that the company will report sales of $152.33 million per share, with estimates ranging from $151.70 million to $152.97 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for National Commerce Corporation.

A number of research firms have issued reports on NCOM. Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 price target on shares of National Commerce Corporation in a research report on Friday, May 12th. Zacks Investment Research raised National Commerce Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub downgraded National Commerce Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. ValuEngine downgraded National Commerce Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Stephens set a $41.00 price target on National Commerce Corporation and gave the company a “hold” rating in a research report on Thursday, August 17th. Seven research analysts have rated the stock with a hold rating, National Commerce Corporation currently has an average rating of “Hold” and an average price target of $39.00.

National Commerce Corporation (NCOM) opened at 39.30 on Friday. The company’s 50-day moving average price is $39.68 and its 200-day moving average price is $38.48. The stock has a market capitalization of $552.95 million, a PE ratio of 21.91 and a beta of 1.07. National Commerce Corporation has a one year low of $26.02 and a one year high of $41.25.

In related news, Director Russell H. Iv Vandevelde bought 1,767 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $38.86 per share, with a total value of $68,665.62. Following the completion of the transaction, the director now directly owns 98,333 shares of the company’s stock, valued at $3,821,220.38. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 19.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC boosted its position in shares of National Commerce Corporation by 5.6% in the second quarter. Lord Abbett & CO. LLC now owns 196,641 shares of the financial services provider’s stock worth $7,777,000 after buying an additional 10,400 shares during the period. California State Teachers Retirement System boosted 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 worth $737,000 after buying an additional 1,600 shares during the period. The Manufacturers Life Insurance Company boosted 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 period. State Street Corp boosted 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 period. Finally, ELCO Management Co. LLC purchased a new stake in shares of National Commerce Corporation in the second quarter worth about $566,000. 47.21% of the stock is owned by institutional investors.

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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.

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

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