BidaskClub upgraded shares of National Commerce Corporation (NASDAQ:NCOM) from a sell rating to a hold rating in a report published on Saturday morning.

Several other research firms have also recently weighed in on NCOM. ValuEngine upgraded shares of National Commerce Corporation from a hold rating to a buy rating in a research report on Friday, June 2nd. Stephens set a $41.00 price objective on shares of National Commerce Corporation and gave the stock a hold rating in a research report on Thursday, August 17th. Zacks Investment Research cut shares of National Commerce Corporation from a hold rating to a sell rating in a research report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $38.00 price objective on shares of National Commerce Corporation in a research report on Friday, May 12th. Eight research analysts have rated the stock with a hold rating, The company presently has an average rating of Hold and an average price target of $39.00.

National Commerce Corporation (NASDAQ NCOM) traded down 0.50% during trading on Friday, reaching $39.90. 32,322 shares of the company’s stock were exchanged. The firm has a market cap of $561.39 million, a P/E ratio of 22.24 and a beta of 1.07. National Commerce Corporation has a 52-week low of $25.56 and a 52-week high of $41.25. The stock’s 50 day moving average price is $39.86 and its 200 day moving average price is $38.37.

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In related news, Director Russell H. Iv Vandevelde acquired 1,767 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average cost of $38.86 per share, for a total transaction of $68,665.62. Following the completion of the transaction, the director now owns 98,333 shares in the company, valued at $3,821,220.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust raised its stake in shares of National Commerce Corporation by 19.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 459,135 shares of the financial services provider’s stock valued at $18,159,000 after buying an additional 75,000 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of National Commerce Corporation by 22.7% in the second quarter. Vanguard Group Inc. now owns 423,100 shares of the financial services provider’s stock valued at $16,733,000 after buying an additional 78,261 shares in the last quarter. Banc Funds Co. LLC raised its stake in shares of National Commerce Corporation by 37.5% in the second quarter. Banc Funds Co. LLC now owns 385,351 shares of the financial services provider’s stock valued at $15,241,000 after buying an additional 105,000 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of National Commerce Corporation during the second quarter valued at about $9,709,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of National Commerce Corporation by 56.9% in the second quarter. The Manufacturers Life Insurance Company now owns 220,139 shares of the financial services provider’s stock valued at $8,706,000 after buying an additional 79,810 shares in the last quarter. 37.51% of the stock is owned by institutional investors and hedge funds.

About National Commerce Corporation

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.

Analyst Recommendations for National Commerce Corporation (NASDAQ:NCOM)

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