Two Sigma Advisers LP cut its holdings in shares of National Commerce (NASDAQ:NCOM) by 20.2% in the 4th quarter, Holdings Channel reports. The firm owned 21,000 shares of the financial services provider’s stock after selling 5,300 shares during the period. Two Sigma Advisers LP’s holdings in National Commerce were worth $845,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in National Commerce by 1.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 397,660 shares of the financial services provider’s stock valued at $16,006,000 after purchasing an additional 6,745 shares during the last quarter. Deutsche Bank AG lifted its stake in National Commerce by 26.0% during the fourth quarter. Deutsche Bank AG now owns 71,150 shares of the financial services provider’s stock valued at $2,862,000 after purchasing an additional 14,686 shares during the last quarter. Renaissance Technologies LLC lifted its stake in National Commerce by 3.1% during the fourth quarter. Renaissance Technologies LLC now owns 174,400 shares of the financial services provider’s stock valued at $7,020,000 after purchasing an additional 5,200 shares during the last quarter. Geode Capital Management LLC lifted its stake in National Commerce by 17.3% during the fourth quarter. Geode Capital Management LLC now owns 106,645 shares of the financial services provider’s stock valued at $4,292,000 after purchasing an additional 15,766 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in National Commerce by 13.2% during the fourth quarter. BlackRock Inc. now owns 606,182 shares of the financial services provider’s stock valued at $24,398,000 after purchasing an additional 70,891 shares during the last quarter. 44.17% of the stock is owned by institutional investors and hedge funds.

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NCOM stock opened at $44.60 on Tuesday. National Commerce has a 12 month low of $35.60 and a 12 month high of $46.60. The company has a market cap of $755.41, a P/E ratio of 22.64 and a beta of 1.11. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.06.

National Commerce (NASDAQ:NCOM) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. National Commerce had a net margin of 15.46% and a return on equity of 7.32%. The business had revenue of $32.27 million during the quarter, compared to analyst estimates of $31.50 million. equities analysts predict that National Commerce will post 2.77 earnings per share for the current fiscal year.

Several analysts recently commented on NCOM shares. Zacks Investment Research raised shares of National Commerce from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, January 11th. BidaskClub lowered shares of National Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 target price on shares of National Commerce in a research note on Friday, December 22nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. National Commerce currently has an average rating of “Hold” and a consensus price target of $44.25.

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National Commerce Profile

National Commerce Corporation operates as the bank holding company for National Bank of Commerce that provides various financial services to businesses, business owners, and professionals. The company offers deposit products, including interest and noninterest-bearing demand deposits, money market accounts, interest-bearing transaction accounts, savings and time deposits, checking accounts, and certificates of deposit, as well as negotiable orders of withdrawal accounts.

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Institutional Ownership by Quarter for National Commerce (NASDAQ:NCOM)

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