National Commerce (NCOM) Upgraded at BidaskClub

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.

National Commerce (NASDAQ:NCOM) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). National Commerce had a net margin of 15.46% and a return on equity of 7.53%. equities analysts anticipate that National Commerce will post 2.63 earnings per share for the current year.

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.

ILLEGAL ACTIVITY WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/27/national-commerce-ncom-upgraded-at-bidaskclub-2.html.

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.

Receive News & Ratings for National Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Commerce and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply