National Commerce Corp (NCOM) Shares Sold by First Trust Advisors LP
First Trust Advisors LP trimmed its stake in National Commerce Corp (NASDAQ:NCOM) by 38.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,935 shares of the financial services provider’s stock after selling 11,152 shares during the period. First Trust Advisors LP owned approximately 0.13% of National Commerce worth $768,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. TIAA CREF Investment Management LLC boosted its stake in shares of National Commerce by 12.0% during the first quarter. TIAA CREF Investment Management LLC now owns 29,496 shares of the financial services provider’s stock valued at $1,080,000 after purchasing an additional 3,151 shares during the period. Vanguard Group Inc. lifted its stake in National Commerce by 5.9% in the first quarter. Vanguard Group Inc. now owns 344,839 shares of the financial services provider’s stock worth $12,621,000 after acquiring an additional 19,084 shares during the period. Geode Capital Management LLC lifted its stake in National Commerce by 6.2% in the first quarter. Geode Capital Management LLC now owns 73,713 shares of the financial services provider’s stock worth $2,697,000 after acquiring an additional 4,325 shares during the period. Dimensional Fund Advisors LP purchased a new stake in National Commerce in the first quarter worth $1,554,000. Finally, Renaissance Technologies LLC lifted its stake in National Commerce by 28.3% in the first quarter. Renaissance Technologies LLC now owns 70,200 shares of the financial services provider’s stock worth $2,569,000 after acquiring an additional 15,500 shares during the period. Institutional investors own 47.94% of the company’s stock.
Shares of National Commerce Corp (NASDAQ:NCOM) traded down $0.55 during trading hours on Thursday, hitting $40.60. The stock had a trading volume of 24,700 shares, compared to its average volume of 33,174. National Commerce Corp has a 1 year low of $34.35 and a 1 year high of $43.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $608.37, a P/E ratio of 22.49 and a beta of 1.02.
A number of equities analysts have issued reports on NCOM shares. Zacks Investment Research upgraded National Commerce from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Wednesday, September 27th. Stephens set a $41.00 price objective on National Commerce and gave the stock a “hold” rating in a report on Thursday, August 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $43.00 price objective on shares of National Commerce in a report on Thursday, October 26th. Finally, BidaskClub upgraded National Commerce from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Seven equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $43.75.
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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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