BidaskClub upgraded shares of National Commerce (NASDAQ:NCOM) from a hold rating to a buy rating in a research note issued to investors on Monday.

Several other equities analysts have also issued reports on NCOM. Zacks Investment Research lowered National Commerce from a buy rating to a hold rating in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods reissued a hold rating and set a $43.00 target price on shares of National Commerce in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $44.25.

National Commerce (NASDAQ:NCOM) opened at $43.00 on Monday. National Commerce has a 12 month low of $35.00 and a 12 month high of $46.00. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $653.65, a PE ratio of 29.45 and a beta of 1.11.

Hedge funds have recently bought and sold shares of the business. Legal & General Group Plc raised its position in National Commerce by 12.0% in the 2nd quarter. Legal & General Group Plc now owns 2,754 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 296 shares in the last quarter. SG Americas Securities LLC acquired a new stake in National Commerce in the 3rd quarter valued at about $113,000. JPMorgan Chase & Co. acquired a new stake in National Commerce in the 3rd quarter valued at about $162,000. HighTower Advisors LLC acquired a new stake in National Commerce in the 2nd quarter valued at about $254,000. Finally, Ameriprise Financial Inc. acquired a new stake in National Commerce in the 2nd quarter valued at about $255,000. 48.94% of the stock is currently owned by 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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