National Commerce Corporation (NASDAQ:NCOM) – FIG Partners lowered their Q1 2018 earnings estimates for National Commerce Corporation in a research note issued on Thursday. FIG Partners analyst C. Marinac now anticipates that the financial services provider will post earnings per share of $0.50 for the quarter, down from their prior forecast of $0.53. FIG Partners also issued estimates for National Commerce Corporation’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.62 EPS and FY2018 earnings at $2.31 EPS.

A number of other analysts also recently weighed in on the stock. BidaskClub downgraded shares of National Commerce Corporation from a “hold” rating to a “sell” rating in a research report on Friday. Stephens set a $41.00 target price on shares of National Commerce Corporation and gave the company a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of National Commerce Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. ValuEngine downgraded shares of National Commerce Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 target price on shares of National Commerce Corporation in a research report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.00.

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Shares of National Commerce Corporation (NASDAQ NCOM) traded up 0.89% on Monday, hitting $39.65. 1,560 shares of the stock traded hands. The stock has a 50 day moving average of $39.92 and a 200-day moving average of $38.32. The stock has a market cap of $557.88 million, a PE ratio of 22.10 and a beta of 1.07. National Commerce Corporation has a 1-year low of $25.56 and a 1-year high of $41.25.

In other National Commerce Corporation news, Director Russell H. Iv Vandevelde purchased 1,767 shares of the business’s stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of $38.86 per share, for a total transaction of $68,665.62. Following the acquisition, the director now owns 98,333 shares of the company’s stock, valued at $3,821,220.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.40% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of NCOM. Nationwide Fund Advisors boosted its position in National Commerce Corporation by 100.8% in the first quarter. Nationwide Fund Advisors now owns 10,878 shares of the financial services provider’s stock worth $398,000 after buying an additional 5,461 shares during the last quarter. State Street Corp boosted its position in National Commerce Corporation by 32.1% in the fourth quarter. State Street Corp now owns 120,161 shares of the financial services provider’s stock worth $4,466,000 after buying an additional 29,167 shares during the last quarter. Ronald Blue & Co. LLC acquired a new position in National Commerce Corporation during the first quarter worth about $262,000. Russell Investments Group Ltd. boosted its position in National Commerce Corporation by 475.9% in the first quarter. Russell Investments Group Ltd. now owns 12,094 shares of the financial services provider’s stock worth $442,000 after buying an additional 9,994 shares during the last quarter. Finally, Homrich & Berg acquired a new position in National Commerce Corporation during the first quarter worth about $236,000. Hedge funds and other institutional investors own 37.51% of the company’s stock.

About National Commerce Corporation

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.

Earnings History and Estimates for National Commerce Corporation (NASDAQ:NCOM)

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