Wall Street analysts predict that National Commerce Corp (NASDAQ:NCOM) will report $48.53 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for National Commerce’s earnings, with estimates ranging from $48.20 million to $48.86 million. National Commerce reported sales of $32.27 million during the same quarter last year, which indicates a positive year-over-year growth rate of 50.4%. The company is expected to issue its next earnings report on Wednesday, January 23rd.

According to Zacks, analysts expect that National Commerce will report full-year sales of $169.21 million for the current year, with estimates ranging from $168.80 million to $169.61 million. For the next financial year, analysts expect that the firm will report sales of $202.49 million, with estimates ranging from $202.30 million to $202.67 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover National Commerce.

National Commerce (NASDAQ:NCOM) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.09). National Commerce had a return on equity of 8.03% and a net margin of 19.31%. The company had revenue of $44.79 million for the quarter, compared to analyst estimates of $44.05 million.

A number of equities analysts have recently issued reports on the stock. ValuEngine lowered shares of National Commerce from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Raymond James upgraded shares of National Commerce from a “market perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research report on Thursday, October 25th. Zacks Investment Research upgraded shares of National Commerce from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. BidaskClub downgraded shares of National Commerce from a “hold” rating to a “sell” rating in a research note on Monday, September 17th. Finally, Keefe, Bruyette & Woods raised shares of National Commerce from a “market perform” rating to an “outperform” rating and set a $46.00 price target for the company in a research note on Thursday, November 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $44.75.

Shares of NCOM stock traded up $0.93 during trading hours on Monday, reaching $40.42. 187,600 shares of the company were exchanged, compared to its average volume of 63,062. National Commerce has a fifty-two week low of $35.02 and a fifty-two week high of $48.60. The firm has a market capitalization of $816.52 million, a price-to-earnings ratio of 20.52 and a beta of 1.13. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of National Commerce by 27.5% during the third quarter. BlackRock Inc. now owns 1,104,358 shares of the financial services provider’s stock worth $45,610,000 after buying an additional 238,208 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of National Commerce by 12.6% during the third quarter. Vanguard Group Inc. now owns 715,431 shares of the financial services provider’s stock worth $29,547,000 after buying an additional 79,814 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. raised its stake in shares of National Commerce by 4.6% during the third quarter. Elizabeth Park Capital Advisors Ltd. now owns 378,843 shares of the financial services provider’s stock worth $15,646,000 after buying an additional 16,717 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of National Commerce by 56.1% during the third quarter. Dimensional Fund Advisors LP now owns 353,868 shares of the financial services provider’s stock worth $14,615,000 after buying an additional 127,172 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of National Commerce by 23.3% during the second quarter. Northern Trust Corp now owns 178,722 shares of the financial services provider’s stock worth $8,275,000 after buying an additional 33,764 shares during the last quarter. 50.84% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: Put Option

Get a free copy of the Zacks research report on National Commerce (NCOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for National Commerce (NASDAQ:NCOM)

Receive News & Ratings for National Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Commerce and related companies with MarketBeat.com's FREE daily email newsletter.