National Commerce Corporation (NCOM) Given Coverage Optimism Score of 0.24
Media coverage about National Commerce Corporation (NASDAQ:NCOM) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National Commerce Corporation earned a news impact score of 0.24 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.4375469726986 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of National Commerce Corporation (NASDAQ:NCOM) traded down 0.35% during midday trading on Friday, hitting $42.90. 17,326 shares of the stock were exchanged. The firm has a 50-day moving average price of $40.45 and a 200-day moving average price of $39.02. The company has a market cap of $603.60 million, a PE ratio of 23.91 and a beta of 1.09. National Commerce Corporation has a 12-month low of $26.39 and a 12-month high of $43.80.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of National Commerce Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, September 27th. ValuEngine cut shares of National Commerce Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. BidaskClub raised shares of National Commerce Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Stephens set a $41.00 target price on shares of National Commerce Corporation and gave the company a “hold” rating in a report on Thursday, August 17th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.50.
In other National Commerce Corporation news, Director Russell H. Iv Vandevelde purchased 1,767 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $38.86 per share, with a total value of $68,665.62. Following the acquisition, the director now owns 98,333 shares of the company’s stock, valued at approximately $3,821,220.38. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 19.40% of the company’s stock.
National Commerce Corporation 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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