Fenimore Asset Management Inc. boosted its stake in shares of National Commerce Corp (NASDAQ:NCOM) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 257,450 shares of the financial services provider’s stock after acquiring an additional 1,140 shares during the period. Fenimore Asset Management Inc.’s holdings in National Commerce were worth $10,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Ruggie Capital Group purchased a new position in shares of National Commerce in the 4th quarter valued at about $523,000. Stifel Financial Corp increased its holdings in shares of National Commerce by 7.8% in the 3rd quarter. Stifel Financial Corp now owns 65,027 shares of the financial services provider’s stock valued at $2,784,000 after acquiring an additional 4,724 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of National Commerce by 11.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 48,059 shares of the financial services provider’s stock valued at $1,900,000 after acquiring an additional 5,044 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of National Commerce by 81.2% in the 3rd quarter. Wells Fargo & Company MN now owns 43,192 shares of the financial services provider’s stock valued at $1,848,000 after acquiring an additional 19,360 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of National Commerce in the 2nd quarter valued at about $9,709,000. Institutional investors own 48.94% of the company’s stock.

A number of research analysts have recently commented on the company. BidaskClub upgraded National Commerce from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Zacks Investment Research downgraded National Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $44.25.

National Commerce Corp (NASDAQ NCOM) opened at $43.95 on Friday. National Commerce Corp has a 1-year low of $35.00 and a 1-year high of $46.00. The company has a market capitalization of $664.12 and a PE ratio of 30.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04.

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

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