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.

TRADEMARK VIOLATION NOTICE: “National Commerce (NCOM) Upgraded by BidaskClub to Hold” was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://theolympiareport.com/2017/12/24/national-commerce-ncom-upgraded-by-bidaskclub-to-hold.html.

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.

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 Analyst Ratings Network's FREE daily email newsletter.