Somewhat Positive News Coverage Somewhat Unlikely to Affect National Commerce Corporation (NCOM) Stock Price
Press coverage about National Commerce Corporation (NASDAQ:NCOM) has trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. National Commerce Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.3630777722651 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of National Commerce Corporation (NCOM) traded down 0.25% during trading on Wednesday, hitting $39.20. 7,730 shares of the company traded hands. The stock has a market cap of $551.54 million, a price-to-earnings ratio of 21.85 and a beta of 1.07. National Commerce Corporation has a one year low of $26.02 and a one year high of $41.25. The firm has a 50 day moving average price of $39.73 and a 200-day moving average price of $38.46.
Several brokerages recently issued reports on NCOM. ValuEngine downgraded shares of National Commerce Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research downgraded shares of National Commerce Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of National Commerce Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Stephens set a $41.00 price objective on shares of National Commerce Corporation and gave the company a “hold” rating in a research note on Thursday, August 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 price objective on shares of National Commerce Corporation in a research note on Friday, May 12th. Seven research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $39.00.
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In other National Commerce Corporation news, Director Russell H. Iv Vandevelde bought 1,767 shares of National Commerce Corporation stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $38.86 per share, for a total transaction of $68,665.62. Following the completion of the purchase, the director now directly owns 98,333 shares of the company’s stock, valued at $3,821,220.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.40% of the stock is owned by insiders.
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.
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