Shares of National Commerce Corp (NASDAQ:NCOM) have earned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $42.00.

Several equities analysts have commented on the company. Zacks Investment Research downgraded National Commerce from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. ValuEngine downgraded National Commerce from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Finally, BidaskClub upgraded National Commerce from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of National Commerce by 18.2% during the fourth quarter. Legal & General Group Plc now owns 3,166 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 488 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in shares of National Commerce by 9.7% during the first quarter. Catalyst Capital Advisors LLC now owns 13,600 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 1,200 shares during the last quarter. Swiss National Bank raised its position in shares of National Commerce by 4.8% during the first quarter. Swiss National Bank now owns 26,300 shares of the financial services provider’s stock worth $1,031,000 after acquiring an additional 1,200 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of National Commerce by 257.1% during the first quarter. Meeder Asset Management Inc. now owns 1,739 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of National Commerce by 8.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,168 shares of the financial services provider’s stock worth $673,000 after acquiring an additional 1,265 shares during the last quarter. Institutional investors own 51.71% of the company’s stock.

National Commerce stock remained flat at $$39.21 during trading hours on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $815.96 million, a PE ratio of 15.75 and a beta of 1.22. National Commerce has a 1 year low of $33.40 and a 1 year high of $48.60.

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.

Further Reading: Stock Selection – What is cash flow?

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.