National Commerce Corp. (NASDAQ:NCOM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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 lowered 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 26.74 on Tuesday. The company has a market cap of $290.66 million, a PE ratio of 20.81 and a beta of 1.04. The stock’s 50 day moving average price is $27.08 and its 200-day moving average price is $24.63. National Commerce Corp. has a 1-year low of $20.50 and a 1-year high of $28.74.

National Commerce Corp. (NASDAQ:NCOM) last posted its earnings results on Tuesday, July 26th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the 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, analysts forecast that National Commerce Corp. will post $1.53 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in National Commerce Corp. by 40.5% in the second quarter. BlackRock Fund Advisors now owns 219,540 shares of the financial services provider’s stock valued at $5,120,000 after buying an additional 63,249 shares during the last quarter. Vanguard Group Inc. boosted its stake in National Commerce Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 198,225 shares of the financial services provider’s stock valued at $4,623,000 after buying an additional 6,553 shares during the last quarter. Banc Funds Co. LLC boosted its stake 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. Northpointe Capital LLC boosted its stake in National Commerce Corp. by 47.5% in the second quarter. Northpointe Capital LLC now owns 90,678 shares of the financial services provider’s stock valued at $2,115,000 after buying an additional 29,202 shares during the last quarter. Finally, State Street Corp boosted its stake 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. Institutional investors own 36.76% of the company’s stock.

About National Commerce Corp.

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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