Somewhat Favorable Press Coverage Somewhat Unlikely to Affect National Commerce Corporation (NCOM) Stock Price
Headlines about National Commerce Corporation (NASDAQ:NCOM) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National Commerce Corporation earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.465389378067 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- National Commerce Corporation (NCOM) Expected to Post Quarterly Sales of $31.50 Million (americanbankingnews.com)
- National Commerce Corporation (NCOM) & Its Peers Critical Analysis (americanbankingnews.com)
- National Commerce Corp. (Alabama) – Value Analysis (NASDAQ:NCOM) : November 1, 2017 (finance.yahoo.com)
- National Commerce Corp. (Alabama) breached its 50 day moving average in a Bearish Manner : NCOM-US : October 31, 2017 (finance.yahoo.com)
A number of research analysts have issued reports on the stock. 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. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $43.00 price target on shares of National Commerce Corporation in a research note on Thursday, October 26th. Zacks Investment Research cut National Commerce Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. BidaskClub raised National Commerce Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, ValuEngine cut National Commerce Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.75.
Shares of National Commerce Corporation (NASDAQ NCOM) traded down $0.35 during mid-day trading on Friday, hitting $40.90. The stock had a trading volume of 24,602 shares, compared to its average volume of 26,807. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.07. The company has a market cap of $604.38, a PE ratio of 22.35 and a beta of 1.04. National Commerce Corporation has a one year low of $27.20 and a one year high of $43.80.
In related news, Director Russell H. Iv Vandevelde purchased 1,767 shares of the stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $38.86 per share, with a total value of $68,665.62. Following the purchase, the director now directly owns 98,333 shares in the company, valued at approximately $3,821,220.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 19.40% of the company’s stock.
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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.
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