National Commerce Corporation (NASDAQ:NCOM) has received an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $43.00.

A number of brokerages have recently commented on NCOM. Zacks Investment Research downgraded shares of National Commerce Corporation from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $43.00 price target on shares of National Commerce Corporation in a report on Thursday, October 26th. BidaskClub upgraded 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 price target on shares of National Commerce Corporation and gave the stock a “hold” rating in a report on Thursday, August 17th.

In related news, Director Russell H. Iv Vandevelde bought 1,767 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $38.86 per share, for a total transaction of $68,665.62. Following the completion of the acquisition, the director now owns 98,333 shares in the company, valued at $3,821,220.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.40% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in NCOM. Goldman Sachs Group Inc. purchased a new stake in National Commerce Corporation during the second quarter worth approximately $9,709,000. Banc Funds Co. LLC grew its stake in National Commerce Corporation by 37.5% during the second quarter. Banc Funds Co. LLC now owns 385,351 shares of the financial services provider’s stock worth $15,241,000 after buying an additional 105,000 shares during the period. The Manufacturers Life Insurance Company grew its stake in National Commerce Corporation by 56.9% during the second quarter. The Manufacturers Life Insurance Company now owns 220,139 shares of the financial services provider’s stock worth $8,706,000 after buying an additional 79,810 shares during the period. Vanguard Group Inc. grew its stake in National Commerce Corporation by 22.7% during the second quarter. Vanguard Group Inc. now owns 423,100 shares of the financial services provider’s stock worth $16,733,000 after buying an additional 78,261 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its stake in National Commerce Corporation by 19.5% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 459,135 shares of the financial services provider’s stock worth $18,159,000 after buying an additional 75,000 shares during the period. Hedge funds and other institutional investors own 44.76% of the company’s stock.

Shares of National Commerce Corporation (NASDAQ NCOM) traded up $0.05 during midday trading on Monday, hitting $40.00. 32,800 shares of the stock were exchanged, compared to its average volume of 32,434. The stock has a market capitalization of $591.37, a P/E ratio of 21.86 and a beta of 1.04. National Commerce Corporation has a 1-year low of $29.75 and a 1-year high of $43.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.06.

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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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