Wall Street analysts expect National Commerce Corp (NASDAQ:NCOM) to report earnings of $0.48 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for National Commerce’s earnings. National Commerce posted earnings of $0.44 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The company is scheduled to announce its next earnings report on Tuesday, January 23rd.
According to Zacks, analysts expect that National Commerce will report full year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $1.92. For the next financial year, analysts forecast that the company will post earnings of $2.63 per share, with EPS estimates ranging from $2.55 to $2.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover National Commerce.
National Commerce (NASDAQ:NCOM) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). National Commerce had a net margin of 20.45% and a return on equity of 7.28%.
Several analysts have recently issued reports on NCOM shares. Zacks Investment Research upgraded National Commerce from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Wednesday, September 27th. BidaskClub upgraded National Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 price objective on shares of National Commerce in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.25.
Several large investors have recently modified their holdings of NCOM. Rhumbline Advisers lifted its position in shares of National Commerce by 13.4% in the second quarter. Rhumbline Advisers now owns 9,971 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 1,182 shares in the last quarter. Bank of New York Mellon Corp lifted its position in National Commerce by 11.7% during the second quarter. Bank of New York Mellon Corp now owns 48,059 shares of the financial services provider’s stock worth $1,900,000 after buying an additional 5,044 shares during the period. Legal & General Group Plc lifted its position in National Commerce by 12.0% during the second quarter. Legal & General Group Plc now owns 2,754 shares of the financial services provider’s stock worth $109,000 after buying an additional 296 shares during the period. Wells Fargo & Company MN lifted its position in National Commerce by 234.7% during the second quarter. Wells Fargo & Company MN now owns 23,832 shares of the financial services provider’s stock worth $943,000 after buying an additional 16,711 shares during the period. Finally, Alliancebernstein L.P. purchased a new position in National Commerce during the second quarter worth about $257,000. Institutional investors and hedge funds own 47.85% of the company’s stock.
Shares of National Commerce (NASDAQ:NCOM) traded up $0.20 during trading hours on Friday, hitting $42.30. The stock had a trading volume of 63,169 shares, compared to its average volume of 66,640. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04. National Commerce has a twelve month low of $35.00 and a twelve month high of $43.80. The stock has a market capitalization of $622.41 and a P/E ratio of 23.24.
National Commerce 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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