National Commerce (NCOM) Cut to “Buy” at BidaskClub
BidaskClub cut shares of National Commerce (NASDAQ:NCOM) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.
Several other analysts have also issued reports on NCOM. Zacks Investment Research raised National Commerce from a sell rating to a hold rating in a report on Wednesday, November 14th. Raymond James lowered National Commerce from an outperform rating to a market perform rating and set a $41.00 target price on the stock. in a report on Tuesday, November 27th. Finally, ValuEngine raised National Commerce from a sell rating to a hold rating in a report on Tuesday, November 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. National Commerce currently has a consensus rating of Buy and an average price target of $42.50.
Shares of NCOM traded up $0.17 during trading hours on Thursday, hitting $42.34. 46,815 shares of the company were exchanged, compared to its average volume of 76,206. The firm has a market cap of $871.86 million, a P/E ratio of 17.00 and a beta of 1.25. National Commerce has a fifty-two week low of $33.40 and a fifty-two week high of $48.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02.
Several hedge funds have recently made changes to their positions in NCOM. Hanson McClain Inc. bought a new stake in shares of National Commerce during the 4th quarter worth $54,000. CWM LLC bought a new stake in shares of National Commerce during the 4th quarter worth $111,000. Legal & General Group Plc lifted its position in shares of National Commerce by 18.2% during the 4th quarter. Legal & General Group Plc now owns 3,166 shares of the financial services provider’s stock worth $114,000 after buying an additional 488 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of National Commerce by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,932 shares of the financial services provider’s stock worth $214,000 after buying an additional 4,633 shares during the last quarter. Finally, Investors Research Corp bought a new stake in shares of National Commerce during the 4th quarter worth $215,000. Institutional investors and hedge funds own 51.89% of the company’s stock.
National Commerce Company Profile
National Commerce Corporation operates as the bank holding company for National Bank of Commerce that provides various financial services to businesses, business owners, and professionals. The company offers deposit products, including interest and noninterest-bearing demand deposits, money market accounts, interest-bearing transaction accounts, savings and time deposits, checking accounts, and certificates of deposit, as well as negotiable orders of withdrawal accounts.
Featured Story: Fundamental Analysis and Choosing Stocks
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 MarketBeat.com's FREE daily email newsletter.