BidaskClub upgraded shares of National Commerce (NASDAQ:NCOM) from a hold rating to a buy rating in a report published on Monday.

A number of other equities research analysts also recently issued reports on NCOM. Zacks Investment Research downgraded shares of National Commerce from a buy rating to a hold rating in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $43.00 price target on shares of National Commerce in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $44.25.

Shares of National Commerce (NASDAQ NCOM) opened at $44.20 on Monday. The stock has a market cap of $657.35, a price-to-earnings ratio of 23.15 and a beta of 1.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.04 and a current ratio of 1.04. National Commerce has a 12 month low of $35.00 and a 12 month high of $46.00.

A number of institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank purchased a new stake in National Commerce during the fourth quarter valued at $769,000. Fenimore Asset Management Inc. increased its position in National Commerce by 0.4% during the fourth quarter. Fenimore Asset Management Inc. now owns 257,450 shares of the financial services provider’s stock valued at $10,362,000 after acquiring an additional 1,140 shares during the last quarter. Evanson Asset Management LLC bought a new position in National Commerce during the fourth quarter valued at $558,000. Arlington Partners LLC bought a new position in National Commerce during the fourth quarter valued at $6,689,000. Finally, Ruggie Capital Group bought a new position in National Commerce during the fourth quarter valued at $523,000. 48.94% of the stock is currently owned by institutional investors.

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About National Commerce

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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