National Commerce Corporation (NCOM) Stake Lowered by Spark Investment Management LLC

Spark Investment Management LLC lowered its position in National Commerce Corporation (NASDAQ:NCOM) by 10.3% during the second quarter, Holdings Channel reports. The fund owned 24,300 shares of the financial services provider’s stock after selling 2,800 shares during the period. Spark Investment Management LLC’s holdings in National Commerce Corporation were worth $961,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NCOM. Kinsight LLC increased its position in shares of National Commerce Corporation by 2.9% in the first quarter. Kinsight LLC now owns 7,057 shares of the financial services provider’s stock worth $258,000 after buying an additional 200 shares during the last quarter. American International Group Inc. increased its position in shares of National Commerce Corporation by 7.1% in the first quarter. American International Group Inc. now owns 5,207 shares of the financial services provider’s stock worth $191,000 after buying an additional 344 shares during the last quarter. Sfmg LLC increased its position in shares of National Commerce Corporation by 3.3% in the first quarter. Sfmg LLC now owns 15,000 shares of the financial services provider’s stock worth $549,000 after buying an additional 482 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of National Commerce Corporation by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 57,500 shares of the financial services provider’s stock worth $2,105,000 after buying an additional 500 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of National Commerce Corporation by 36.0% in the first quarter. Bank of Montreal Can now owns 6,054 shares of the financial services provider’s stock worth $222,000 after buying an additional 1,604 shares during the last quarter. 37.40% of the stock is currently owned by institutional investors and hedge funds.

National Commerce Corporation (NASDAQ NCOM) opened at 39.80 on Friday. The firm has a market capitalization of $559.99 million, a P/E ratio of 22.19 and a beta of 1.07. The company has a 50 day moving average price of $39.86 and a 200 day moving average price of $38.21. National Commerce Corporation has a 52-week low of $25.56 and a 52-week high of $41.25.

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A number of equities analysts have recently issued reports on the company. Stephens reaffirmed a “hold” rating on shares of National Commerce Corporation in a research report on Tuesday, April 25th. Zacks Investment Research downgraded National Commerce Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. FBR & Co upped their target price on National Commerce Corporation from $39.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 target price on shares of National Commerce Corporation in a research report on Friday, May 12th. Finally, ValuEngine downgraded National Commerce Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Seven research analysts have rated the stock with a hold rating, National Commerce Corporation presently has an average rating of “Hold” and a consensus price target of $38.33.

National Commerce Corporation 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.

Want to see what other hedge funds are holding NCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Commerce Corporation (NASDAQ:NCOM).

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

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