National Commerce Corp. (NCOM) Cut to Hold at Zacks Investment Research
According to Zacks, “National Commerce Corporation is a bank holding company. It offers services which include demand deposits, interest-bearing transaction accounts, money market accounts, savings deposits, certificates of deposit, commercial real estate term loans, residential mortgage loans, construction and land development loans, home equity lines of credit secured by residential property; commercial and industrial loans; consumer loans, factoring, invoicing, collection, accounts receivable management services to transportation companies, automotive parts and service providers. The company operates primarily in Alabama, Huntsville, Auburn-Opelika, Baldwin County and Vero Beach, Florida. National Commerce Corporation is headquartered in Birmingham, Alabama. “
Separately, FIG Partners cut shares of National Commerce Corp. from an outperform rating to a market perform rating in a research report on Thursday, September 1st.
Shares of National Commerce Corp. (NASDAQ:NCOM) opened at 26.87 on Tuesday. National Commerce Corp. has a one year low of $20.50 and a one year high of $28.74. The company has a market cap of $292.08 million, a price-to-earnings ratio of 20.91 and a beta of 1.04. The firm’s 50-day moving average is $27.15 and its 200-day moving average is $24.71.
National Commerce Corp. (NASDAQ:NCOM) last released its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. National Commerce Corp. had a net margin of 17.44% and a return on equity of 6.45%. Analysts expect that National Commerce Corp. will post $1.53 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in NCOM. American International Group Inc. boosted its position in National Commerce Corp. by 37.8% in the second quarter. American International Group Inc. now owns 4,870 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,335 shares during the period. Nationwide Fund Advisors boosted its stake in shares of National Commerce Corp. by 36.6% in the second quarter. Nationwide Fund Advisors now owns 5,417 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,451 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of National Commerce Corp. during the second quarter worth about $160,000. Oxford Asset Management acquired a new stake in shares of National Commerce Corp. during the second quarter worth about $225,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of National Commerce Corp. during the second quarter worth about $251,000. 36.76% of the stock is owned by hedge funds and other institutional investors.
National Commerce Corp. 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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