National Commerce (NCOM) Upgraded by BidaskClub to Hold
BidaskClub upgraded shares of National Commerce (NASDAQ:NCOM) from a sell rating to a hold rating in a report released on Wednesday.
A number of other analysts have also issued reports on NCOM. Zacks Investment Research raised National Commerce from a hold rating to a buy rating and set a $46.00 price target on the stock in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $43.00 price target on shares of National Commerce in a research note on Thursday, October 26th. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and a consensus target price of $44.25.
Shares of National Commerce (NASDAQ NCOM) opened at $40.70 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04. National Commerce has a 1-year low of $35.00 and a 1-year high of $43.80. The company has a market capitalization of $587.99 and a P/E ratio of 22.36.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in National Commerce 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 in the last quarter. Geode Capital Management LLC lifted its position in National Commerce by 6.2% during the first quarter. Geode Capital Management LLC now owns 73,713 shares of the financial services provider’s stock worth $2,697,000 after buying an additional 4,325 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in National Commerce during the first quarter worth approximately $1,554,000. Schwab Charles Investment Management Inc. lifted its position in National Commerce by 37.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 15,032 shares of the financial services provider’s stock worth $551,000 after buying an additional 4,100 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in National Commerce by 13.4% during the second quarter. Rhumbline Advisers now owns 9,971 shares of the financial services provider’s stock worth $394,000 after buying an additional 1,182 shares in the last quarter. 47.85% of the stock is currently owned by hedge funds and other institutional investors.
National Commerce 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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