According to Zacks, “National Commerce Corporation is a bank holding company. It offers services which include demand deposits, interest-bearing transaction accounts, money market accounts, savings deposits, certificates of deposit, commercial real estate term loans, residential mortgage loans, construction and land development loans, home equity lines of credit secured by residential property; commercial and industrial loans; consumer loans, factoring, invoicing, collection, accounts receivable management services to transportation companies, automotive parts and service providers. The company operates primarily in Alabama, Huntsville, Auburn-Opelika, Baldwin County and Vero Beach, Florida. National Commerce Corporation is headquartered in Birmingham, Alabama. “
Separately, FIG Partners downgraded shares of National Commerce Corp. from an outperform rating to a market perform rating in a research note on Thursday, September 1st.
National Commerce Corp. (NASDAQ:NCOM) opened at 27.10 on Tuesday. The company has a 50 day moving average price of $27.11 and a 200 day moving average price of $24.65. National Commerce Corp. has a 1-year low of $20.50 and a 1-year high of $28.74. The firm has a market cap of $294.58 million, a PE ratio of 21.09 and a beta of 1.04.
National Commerce Corp. (NASDAQ:NCOM) last posted its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. National Commerce Corp. had a net margin of 17.44% and a return on equity of 6.45%. On average, equities research analysts forecast that National Commerce Corp. will post $1.53 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Stifel Financial Corp acquired a new position in National Commerce Corp. during the second quarter valued at approximately $481,000. Metropolitan Life Insurance Co. NY acquired a new position in National Commerce Corp. during the second quarter valued at approximately $160,000. Sfmg LLC acquired a new position in National Commerce Corp. during the second quarter valued at approximately $339,000. Banc Funds Co. LLC increased its position in National Commerce Corp. by 2.3% in the second quarter. Banc Funds Co. LLC now owns 132,999 shares of the financial services provider’s stock valued at $3,102,000 after buying an additional 3,000 shares during the last quarter. Finally, State Street Corp increased its position in National Commerce Corp. by 32.0% in the second quarter. State Street Corp now owns 78,967 shares of the financial services provider’s stock valued at $1,841,000 after buying an additional 19,147 shares during the last quarter. 36.76% of the stock is currently owned by hedge funds and other institutional investors.
National Commerce Corp. 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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