Zacks Investment Research upgraded shares of National Commerce Corporation (NASDAQ:NCOM) from a sell rating to a hold rating in a research report released on Friday morning.

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. “

Other equities research analysts also recently issued reports about the stock. Stephens set a $41.00 price objective on shares of National Commerce Corporation and gave the company a hold rating in a research report on Thursday, August 17th. BidaskClub downgraded shares of National Commerce Corporation from a hold rating to a sell rating in a research report on Friday, August 18th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $43.00 target price on shares of National Commerce Corporation in a research report on Thursday, October 26th. Seven research analysts have rated the stock with a hold rating, National Commerce Corporation currently has a consensus rating of Hold and an average target price of $43.75.

Shares of National Commerce Corporation (NCOM) opened at $40.90 on Friday. National Commerce Corporation has a 52-week low of $31.25 and a 52-week high of $43.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $604.67, a P/E ratio of 22.35 and a beta of 1.04.

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Several hedge funds and other institutional investors have recently bought and sold shares of NCOM. Castine Capital Management LLC boosted its stake in National Commerce Corporation by 9.7% during the 3rd quarter. Castine Capital Management LLC now owns 124,777 shares of the financial services provider’s stock worth $5,341,000 after purchasing an additional 11,026 shares during the period. Stifel Financial Corp boosted its stake in National Commerce Corporation by 7.8% during the 3rd quarter. Stifel Financial Corp now owns 65,027 shares of the financial services provider’s stock worth $2,784,000 after purchasing an additional 4,724 shares during the period. Dimensional Fund Advisors LP boosted its stake in National Commerce Corporation by 60.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 129,580 shares of the financial services provider’s stock worth $5,546,000 after purchasing an additional 48,888 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in National Commerce Corporation by 195.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 44,398 shares of the financial services provider’s stock worth $1,901,000 after purchasing an additional 29,366 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in National Commerce Corporation by 81.2% during the 3rd quarter. Wells Fargo & Company MN now owns 43,192 shares of the financial services provider’s stock worth $1,848,000 after purchasing an additional 19,360 shares during the period. 45.93% of the stock is currently owned by hedge funds and other institutional investors.

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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