National Commerce Corporation (NCOM) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS
National Commerce Corporation (NASDAQ:NCOM) released its quarterly earnings results on Tuesday. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.02), reports. National Commerce Corporation had a return on equity of 7.68% and a net margin of 20.60%.
Shares of National Commerce Corporation (NCOM) traded up 0.47% during mid-day trading on Tuesday, hitting $42.35. The stock had a trading volume of 17,744 shares. The stock has a market cap of $595.86 million, a price-to-earnings ratio of 23.61 and a beta of 1.09. The firm’s 50-day moving average price is $41.55 and its 200 day moving average price is $39.59. National Commerce Corporation has a 12-month low of $26.69 and a 12-month high of $43.80.
In other National Commerce Corporation news, Director Russell H. Iv Vandevelde purchased 1,767 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $38.86 per share, with a total value of $68,665.62. Following the acquisition, the director now directly owns 98,333 shares of the company’s stock, valued at approximately $3,821,220.38. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 19.40% of the company’s stock.
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NCOM has been the subject of several recent analyst reports. Zacks Investment Research raised National Commerce Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, September 27th. ValuEngine cut National Commerce Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. BidaskClub raised National Commerce Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Stephens set a $41.00 price target on National Commerce Corporation and gave the stock a “hold” rating in a research note on Thursday, August 17th. Seven research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $42.50.
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.
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