Raymond James upgraded shares of National Commerce (NASDAQ:NCOM) from a market perform rating to an outperform rating in a research note published on Thursday, Marketbeat reports. They currently have $41.00 price target on the financial services provider’s stock.

A number of other research firms have also recently weighed in on NCOM. Zacks Investment Research raised shares of National Commerce from a hold rating to a buy rating and set a $53.00 price objective for the company in a report on Wednesday, June 27th. Stephens reaffirmed a hold rating and issued a $48.00 price objective on shares of National Commerce in a report on Thursday, July 26th. BidaskClub cut shares of National Commerce from a strong-buy rating to a buy rating in a report on Saturday, June 30th. Finally, ValuEngine cut shares of National Commerce from a hold rating to a sell rating in a report on Thursday, September 27th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $44.50.

NCOM traded down $0.20 on Thursday, reaching $36.34. The stock had a trading volume of 35,252 shares, compared to its average volume of 55,920. National Commerce has a 12-month low of $35.02 and a 12-month high of $48.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $749.44 million, a price-to-earnings ratio of 15.21 and a beta of 1.02.

National Commerce (NASDAQ:NCOM) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). National Commerce had a net margin of 19.31% and a return on equity of 8.92%. The firm had revenue of $44.79 million during the quarter, compared to analysts’ expectations of $44.05 million. On average, equities research analysts forecast that National Commerce will post 2.56 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in NCOM. Wells Fargo & Company MN grew its position in shares of National Commerce by 6.9% in the first quarter. Wells Fargo & Company MN now owns 54,399 shares of the financial services provider’s stock valued at $2,369,000 after purchasing an additional 3,490 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of National Commerce by 12.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 57,204 shares of the financial services provider’s stock valued at $2,492,000 after purchasing an additional 6,438 shares during the period. BlackRock Inc. grew its position in shares of National Commerce by 9.6% in the first quarter. BlackRock Inc. now owns 664,618 shares of the financial services provider’s stock valued at $28,944,000 after purchasing an additional 58,436 shares during the period. JPMorgan Chase & Co. grew its position in shares of National Commerce by 62.5% in the first quarter. JPMorgan Chase & Co. now owns 4,208 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 1,619 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of National Commerce by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 189,909 shares of the financial services provider’s stock valued at $8,271,000 after purchasing an additional 5,003 shares during the period. Institutional investors and hedge funds own 45.42% of the company’s stock.

About National Commerce

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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Receive News & Ratings for National Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Commerce and related companies with MarketBeat.com's FREE daily email newsletter.