Zacks Investment Research upgraded shares of National Commerce Corporation (NASDAQ:NCOM) from a sell rating to a hold rating in a research report report published on Thursday morning.

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. “

Several other equities analysts also recently issued reports on the stock. ValuEngine raised shares of National Commerce Corporation from a hold rating to a buy rating in a research note on Friday, June 2nd. FBR & Co raised their price target on shares of National Commerce Corporation from $39.00 to $45.00 and gave the company a market perform rating in a research note on Wednesday, April 26th. Stephens reaffirmed a hold rating on shares of National Commerce Corporation in a research note on Tuesday, April 25th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $38.00 price target on shares of National Commerce Corporation in a research note on Friday, May 12th. Seven investment analysts have rated the stock with a hold rating, National Commerce Corporation currently has an average rating of Hold and a consensus target price of $38.33.

National Commerce Corporation (NCOM) traded up 0.88% during mid-day trading on Thursday, reaching $39.95. 23,427 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $39.64 and a 200-day moving average of $38.05. National Commerce Corporation has a 12 month low of $24.81 and a 12 month high of $41.25. The firm has a market cap of $562.14 million, a price-to-earnings ratio of 23.23 and a beta of 1.07.

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Several institutional investors have recently added to or reduced their stakes in the stock. Elizabeth Park Capital Advisors Ltd. boosted its stake in National Commerce Corporation by 184.1% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 136,244 shares of the financial services provider’s stock valued at $4,987,000 after buying an additional 88,284 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in National Commerce Corporation by 19.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 459,135 shares of the financial services provider’s stock valued at $18,159,000 after buying an additional 75,000 shares during the period. Renaissance Technologies LLC boosted its stake in National Commerce Corporation by 389.7% in the fourth quarter. Renaissance Technologies LLC now owns 54,700 shares of the financial services provider’s stock valued at $2,032,000 after buying an additional 43,530 shares during the period. Dimensional Fund Advisors LP purchased a new stake in National Commerce Corporation during the first quarter valued at $1,554,000. Finally, Modera Wealth Management LLC purchased a new stake in National Commerce Corporation during the first quarter valued at $1,550,000. 36.90% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for National Commerce Corporation (NASDAQ:NCOM)

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