Alliancebernstein L.P. acquired a new position in National Commerce Corporation (NASDAQ:NCOM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,500 shares of the financial services provider’s stock, valued at approximately $257,000.

Several other large investors have also added to or reduced their stakes in NCOM. Emerald Mutual Fund Advisers Trust increased its stake in shares of National Commerce Corporation by 19.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 459,135 shares of the financial services provider’s stock worth $18,159,000 after acquiring an additional 75,000 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of National Commerce Corporation in the first quarter worth $1,554,000. Vanguard Group Inc. increased its stake in shares of National Commerce Corporation by 5.9% in the first quarter. Vanguard Group Inc. now owns 344,839 shares of the financial services provider’s stock worth $12,621,000 after acquiring an additional 19,084 shares during the period. Wells Fargo & Company MN increased its stake in shares of National Commerce Corporation by 234.7% in the second quarter. Wells Fargo & Company MN now owns 23,832 shares of the financial services provider’s stock worth $943,000 after acquiring an additional 16,711 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of National Commerce Corporation by 28.3% in the first quarter. Renaissance Technologies LLC now owns 70,200 shares of the financial services provider’s stock worth $2,569,000 after acquiring an additional 15,500 shares during the period. Hedge funds and other institutional investors own 44.51% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Alliancebernstein L.P. Acquires Shares of 6,500 National Commerce Corporation (NCOM)” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/alliancebernstein-l-p-acquires-shares-of-6500-national-commerce-corporation-ncom/1697275.html.

In other news, Director Russell H. Iv Vandevelde purchased 1,767 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average price of $38.86 per share, for a total transaction of $68,665.62. Following the completion of the transaction, the director now owns 98,333 shares in the company, valued at $3,821,220.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.40% of the stock is currently owned by company insiders.

Shares of National Commerce Corporation (NCOM) opened at $40.00 on Friday. The company has a market cap of $591.36, a price-to-earnings ratio of 21.86 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.07. National Commerce Corporation has a 52-week low of $29.75 and a 52-week high of $43.80.

A number of analysts have recently weighed in on NCOM shares. Zacks Investment Research upgraded shares of National Commerce Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub lowered shares of National Commerce Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $43.00 price objective on shares of National Commerce Corporation in a research note on Thursday, October 26th. Finally, Stephens set a $41.00 price objective on shares of National Commerce Corporation and gave the stock a “hold” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $43.75.

National Commerce Corporation Profile

National Commerce Corporation (NCC) is a financial holding company. The Company is engaged in the business of banking through its banking subsidiary, National Bank of Commerce (the Bank). The Company, through the Bank, provides a range of financial services to businesses, business owners and professionals.

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

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