National Commerce (NASDAQ:NCOM) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, The Fly reports. The brokerage presently has a $46.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 21.60% from the company’s current price.

Several other research firms also recently weighed in on NCOM. Zacks Investment Research downgraded shares of National Commerce from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. Stephens restated a “hold” rating and set a $39.00 price objective on shares of National Commerce in a report on Thursday, October 25th. BidaskClub upgraded shares of National Commerce from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 30th. Raymond James upgraded shares of National Commerce from a “market perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a report on Thursday, October 25th. Finally, ValuEngine downgraded shares of National Commerce from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. National Commerce currently has an average rating of “Hold” and an average price target of $44.75.

Shares of NASDAQ NCOM opened at $37.83 on Thursday. The firm has a market cap of $770.70 million, a P/E ratio of 19.20 and a beta of 1.10. National Commerce has a 12-month low of $35.02 and a 12-month high of $48.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02.

National Commerce (NASDAQ:NCOM) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.09). The company had revenue of $44.79 million for the quarter, compared to the consensus estimate of $44.05 million. National Commerce had a return on equity of 8.92% and a net margin of 19.31%. Equities research analysts predict that National Commerce will post 2.56 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. raised its holdings in National Commerce by 21.9% during the third quarter. American International Group Inc. now owns 11,829 shares of the financial services provider’s stock worth $489,000 after buying an additional 2,125 shares during the last quarter. BlackRock Inc. raised its holdings in shares of National Commerce by 27.5% in the third quarter. BlackRock Inc. now owns 1,104,358 shares of the financial services provider’s stock valued at $45,610,000 after purchasing an additional 238,208 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of National Commerce by 15.5% in the third quarter. Bank of New York Mellon Corp now owns 77,878 shares of the financial services provider’s stock valued at $3,216,000 after purchasing an additional 10,457 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of National Commerce by 43.6% in the third quarter. JPMorgan Chase & Co. now owns 5,598 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 1,701 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of National Commerce by 9.6% in the third quarter. Wells Fargo & Company MN now owns 83,463 shares of the financial services provider’s stock valued at $3,448,000 after purchasing an additional 7,291 shares during the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

About National Commerce

National Commerce Corporation operates as the bank holding company for National Bank of Commerce that provides various financial services to businesses, business owners, and professionals. The company offers deposit products, including interest and noninterest-bearing demand deposits, money market accounts, interest-bearing transaction accounts, savings and time deposits, checking accounts, and certificates of deposit, as well as negotiable orders of withdrawal accounts.

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