National Commerce Corp (NCOM) Receives $44.25 Consensus Price Target from Brokerages
National Commerce Corp (NASDAQ:NCOM) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $44.25.
Several analysts have weighed in on the company. BidaskClub upgraded National Commerce from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded 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 Thursday, January 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $45.00 price target on shares of National Commerce in a research note on Friday, December 22nd.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in National Commerce during the 3rd quarter valued at about $113,000. Legal & General Group Plc grew its stake in National Commerce by 12.0% during the 2nd quarter. Legal & General Group Plc now owns 2,754 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 296 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in National Commerce during the 3rd quarter valued at about $162,000. Globeflex Capital L P purchased a new stake in shares of National Commerce in the second quarter worth about $247,000. Finally, HighTower Advisors LLC purchased a new stake in shares of National Commerce in the second quarter worth about $254,000. Institutional investors and hedge funds own 47.83% of the company’s stock.
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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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