Wall Street analysts predict that National Commerce Corp (NASDAQ:NCOM) will announce $0.70 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for National Commerce’s earnings, with estimates ranging from $0.69 to $0.71. National Commerce reported earnings of $0.62 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12.9%. The business is expected to issue its next quarterly earnings report on Tuesday, April 23rd.

On average, analysts expect that National Commerce will report full year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $2.97 to $3.15. For the next financial year, analysts expect that the business will report earnings of $3.55 per share, with EPS estimates ranging from $3.45 to $3.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow National Commerce.

National Commerce (NASDAQ:NCOM) last announced its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.07). The company had revenue of $49.03 million for the quarter, compared to analyst estimates of $48.53 million. National Commerce had a net margin of 22.22% and a return on equity of 8.32%.

A number of brokerages have recently commented on NCOM. Zacks Investment Research raised shares of National Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday, November 14th. Raymond James raised shares of National Commerce from a “market perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research report on Thursday, October 25th. ValuEngine raised shares of National Commerce from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. BidaskClub raised shares of National Commerce from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. 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 report on Thursday, November 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. National Commerce presently has an average rating of “Buy” and a consensus price target of $42.50.

Shares of NCOM opened at $42.00 on Friday. The stock has a market cap of $870.05 million, a PE ratio of 16.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. National Commerce has a 52 week low of $33.40 and a 52 week high of $48.60.

A number of large investors have recently bought and sold shares of the stock. ZWJ Investment Counsel Inc. raised its position in National Commerce by 25.6% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 43,560 shares of the financial services provider’s stock worth $1,568,000 after purchasing an additional 8,882 shares in the last quarter. BlackRock Inc. raised its position in National Commerce by 9.9% in the fourth quarter. BlackRock Inc. now owns 1,213,335 shares of the financial services provider’s stock worth $43,682,000 after purchasing an additional 108,977 shares in the last quarter. New York State Common Retirement Fund raised its position in National Commerce by 15.1% in the fourth quarter. New York State Common Retirement Fund now owns 19,100 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 2,500 shares in the last quarter. Water Island Capital LLC acquired a new position in National Commerce in the fourth quarter worth about $4,014,000. Finally, Investors Research Corp acquired a new position in National Commerce in the fourth quarter worth about $215,000. 50.57% of the stock is owned by hedge funds and other institutional investors.

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

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