National Commerce Corp (NASDAQ:NCOM) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $43.00.

A number of equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of National Commerce from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research raised shares of National Commerce from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $43.00 target price on shares of National Commerce in a report on Thursday, October 26th. Finally, Stephens set a $41.00 target price on shares of National Commerce and gave the stock a “hold” rating in a report on Thursday, August 17th.

National Commerce (NASDAQ:NCOM) traded up $0.40 during trading on Friday, hitting $40.15. 26,749 shares of the stock were exchanged, compared to its average volume of 33,086. National Commerce has a fifty-two week low of $35.00 and a fifty-two week high of $43.80. The stock has a market capitalization of $584.71, a price-to-earnings ratio of 21.61 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of National Commerce during the 3rd quarter valued at about $113,000. Legal & General Group Plc boosted its position in shares of National Commerce by 12.0% during the 2nd quarter. Legal & General Group Plc now owns 2,754 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 296 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of National Commerce during the 3rd quarter valued at about $162,000. Globeflex Capital L P acquired a new position in shares of National Commerce during the 2nd quarter valued at about $247,000. Finally, HighTower Advisors LLC acquired a new position in shares of National Commerce during the 2nd quarter valued at about $254,000. 47.94% of the stock is currently owned by hedge funds and other institutional investors.

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About National Commerce

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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