Wells Fargo & Company MN lifted its position in shares of National Commerce Corporation (NASDAQ:NCOM) by 234.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,832 shares of the financial services provider’s stock after buying an additional 16,711 shares during the period. Wells Fargo & Company MN owned about 0.17% of National Commerce Corporation worth $943,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NCOM. Emerald Mutual Fund Advisers Trust boosted its position in shares of National Commerce Corporation by 19.5% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 459,135 shares of the financial services provider’s stock worth $18,159,000 after buying an additional 75,000 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of National Commerce Corporation during the first quarter worth about $1,554,000. Vanguard Group Inc. boosted its position in shares of National Commerce Corporation by 5.9% during the first quarter. Vanguard Group Inc. now owns 344,839 shares of the financial services provider’s stock worth $12,621,000 after buying an additional 19,084 shares during the period. Renaissance Technologies LLC boosted its position in shares of National Commerce Corporation by 28.3% during the first quarter. Renaissance Technologies LLC now owns 70,200 shares of the financial services provider’s stock worth $2,569,000 after buying an additional 15,500 shares during the period. Finally, IndexIQ Advisors LLC acquired a new position in shares of National Commerce Corporation during the second quarter worth about $512,000. 46.77% of the stock is owned by institutional investors.

NCOM has been the subject of several recent research reports. Zacks Investment Research raised National Commerce Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Wednesday, September 27th. ValuEngine cut National Commerce Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. BidaskClub raised National Commerce Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $43.00 price target on shares of National Commerce Corporation in a research report on Thursday, October 26th. Finally, Stephens set a $41.00 price target on National Commerce Corporation and gave the company a “hold” rating in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $43.75.

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National Commerce Corporation (NASDAQ NCOM) opened at $40.90 on Friday. National Commerce Corporation has a 52-week low of $27.20 and a 52-week high of $43.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $604.38, a P/E ratio of 22.35 and a beta of 1.04.

In related news, Director Russell H. Iv Vandevelde purchased 1,767 shares of National Commerce Corporation stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $38.86 per share, with a total value of $68,665.62. Following the completion of the transaction, the director now owns 98,333 shares of the company’s stock, valued at approximately $3,821,220.38. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 19.40% of the company’s stock.

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

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