Forest Hill Capital LLC boosted its stake in National Commerce Corp (NASDAQ:NCOM) by 1.2% during the 4th quarter, HoldingsChannel reports. The fund owned 298,181 shares of the financial services provider’s stock after buying an additional 3,540 shares during the period. National Commerce comprises 3.4% of Forest Hill Capital LLC’s portfolio, making the stock its 10th largest position. Forest Hill Capital LLC’s holdings in National Commerce were worth $12,002,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in National Commerce in the third quarter valued at $113,000. JPMorgan Chase & Co. acquired a new stake in National Commerce in the third quarter valued at $162,000. Ameriprise Financial Inc. acquired a new stake in National Commerce in the second quarter valued at $255,000. Raymond James & Associates acquired a new stake in National Commerce in the fourth quarter valued at $269,000. Finally, Ruggie Capital Group acquired a new stake in National Commerce in the fourth quarter valued at $523,000. 51.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of National Commerce Corp (NCOM) opened at $45.80 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.06. National Commerce Corp has a 12 month low of $35.00 and a 12 month high of $46.00. The firm has a market cap of $775.77, a price-to-earnings ratio of 31.37 and a beta of 1.15.
Several research firms recently issued reports on NCOM. Zacks Investment Research cut shares of National Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub cut shares of National Commerce from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 price target on shares of National Commerce in a report on Friday, December 22nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.25.
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National Commerce 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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