National Commerce (NASDAQ:NCOM) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Several other research firms also recently commented on NCOM. Zacks Investment Research downgraded National Commerce from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $43.00 price objective on shares of National Commerce in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $44.25.
National Commerce (NCOM) traded up $0.70 during trading on Friday, reaching $45.15. The company had a trading volume of 63,612 shares, compared to its average volume of 62,528. National Commerce has a fifty-two week low of $35.00 and a fifty-two week high of $45.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $657.16, a P/E ratio of 30.92 and a beta of 1.02.
Hedge funds have recently modified their holdings of the business. Legal & General Group Plc raised its holdings in National Commerce by 12.0% during the 2nd quarter. Legal & General Group Plc now owns 2,754 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 296 shares during the period. SG Americas Securities LLC bought a new stake in National Commerce during the 3rd quarter valued at $113,000. JPMorgan Chase & Co. bought a new stake in National Commerce during the 3rd quarter valued at $162,000. Globeflex Capital L P bought a new stake in National Commerce during the 2nd quarter valued at $247,000. Finally, HighTower Advisors LLC bought a new stake in National Commerce during the 2nd quarter valued at $254,000. 47.85% of the stock is currently owned by institutional investors and hedge funds.
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About National Commerce
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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