National Commerce Corporation (NASDAQ:NCOM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

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. “

Other research analysts have also recently issued reports about the company. Stephens set a $41.00 price objective on National Commerce Corporation and gave the company a “hold” rating in a report on Thursday, August 17th. BidaskClub cut National Commerce Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $43.00 price objective on shares of National Commerce Corporation in a report on Thursday, October 26th. Seven analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $43.75.

National Commerce Corporation (NCOM) opened at $40.70 on Friday. The stock has a market capitalization of $602.46, a price-to-earnings ratio of 22.27 and a beta of 1.04. National Commerce Corporation has a twelve month low of $31.25 and a twelve month high of $43.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.04 and a current ratio of 1.04.

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In other National Commerce Corporation news, Director Russell H. Iv Vandevelde purchased 1,767 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 98,333 shares of the company’s stock, valued at approximately $3,821,220.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 19.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in NCOM. Legal & General Group Plc raised its holdings in shares of National Commerce Corporation by 12.0% in the second quarter. Legal & General Group Plc now owns 2,754 shares of the financial services provider’s stock valued at $109,000 after buying an additional 296 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of National Commerce Corporation in the third quarter valued at about $113,000. JPMorgan Chase & Co. bought a new position in shares of National Commerce Corporation in the third quarter valued at about $162,000. American International Group Inc. raised its holdings in shares of National Commerce Corporation by 7.1% in the first quarter. American International Group Inc. now owns 5,207 shares of the financial services provider’s stock valued at $191,000 after buying an additional 344 shares during the last quarter. Finally, Globeflex Capital L P acquired a new stake in National Commerce Corporation in the second quarter worth about $247,000. 44.76% of the stock is owned by institutional investors and hedge funds.

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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