National Commerce Corp. (NCOM) Shares Gap Up to $24.29
National Commerce Corp. (NASDAQ:NCOM)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $24.22, but opened at $24.29. National Commerce Corp. shares last traded at $24.87, with a volume of 18,624 shares trading hands.
Several equities analysts have issued reports on NCOM shares. Zacks Investment Research upgraded shares of National Commerce Corp. from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Friday. FBR & Co started coverage on shares of National Commerce Corp. in a research report on Wednesday, May 18th. They issued a “market perform” rating and a $27.00 price target for the company. Finally, FIG Partners restated an “outperform” rating on shares of National Commerce Corp. in a research report on Thursday, April 21st.
The firm has a market capitalization of $270.34 million and a PE ratio of 19.35. The stock’s 50-day moving average is $23.78 and its 200 day moving average is $23.24.
National Commerce Corp. (NASDAQ:NCOM) last issued its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. On average, equities analysts predict that National Commerce Corp. will post $1.52 earnings per share for the current year.
A hedge fund recently raised its stake in National Commerce Corp. stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of National Commerce Corp. (NASDAQ:NCOM) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,636 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.52% of National Commerce Corp. worth $1,419,000 at the end of the most recent reporting period.
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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