Investors Research Corp increased its stake in National Commerce Corp (NASDAQ:NCOM) by 230.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,702 shares of the financial services provider’s stock after purchasing an additional 13,742 shares during the quarter. Investors Research Corp’s holdings in National Commerce were worth $773,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hanson McClain Inc. purchased a new position in shares of National Commerce in the 4th quarter valued at about $54,000. Meeder Asset Management Inc. increased its holdings in shares of National Commerce by 257.1% in the 1st quarter. Meeder Asset Management Inc. now owns 1,739 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 1,252 shares in the last quarter. CWM LLC purchased a new position in shares of National Commerce in the 4th quarter valued at about $111,000. Legal & General Group Plc increased its holdings in shares of National Commerce by 18.2% in the 4th quarter. Legal & General Group Plc now owns 3,166 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 488 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of National Commerce by 43.6% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 51.71% of the company’s stock.

NASDAQ:NCOM remained flat at $$39.21 during mid-day trading on Tuesday. 402,802 shares of the company’s stock traded hands, compared to its average volume of 95,804. 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 Corp has a 52-week low of $33.40 and a 52-week high of $48.60. The stock has a market cap of $815.96 million, a P/E ratio of 15.75 and a beta of 1.22.

National Commerce (NASDAQ:NCOM) last posted its earnings results on Tuesday, January 22nd. The financial services provider reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.07). National Commerce had a net margin of 22.22% and a return on equity of 7.88%. The business had revenue of $49.03 million for the quarter, compared to analysts’ expectations of $48.53 million. As a group, sell-side analysts predict that National Commerce Corp will post 3.11 EPS for the current year.

Several equities analysts have weighed in on the stock. BidaskClub upgraded shares of National Commerce from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Zacks Investment Research upgraded shares of National Commerce from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Saturday, January 26th. Finally, ValuEngine downgraded shares of National Commerce from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $42.50.

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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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Institutional Ownership by Quarter for National Commerce (NASDAQ:NCOM)

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