Leavell Investment Management Inc. held its stake in shares of National Commerce Corporation (NASDAQ:NCOM) during the second quarter, Holdings Channel reports. The firm owned 5,873 shares of the financial services provider’s stock at the end of the second quarter. Leavell Investment Management Inc.’s holdings in National Commerce Corporation were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NCOM. Kinsight LLC raised its stake in shares of National Commerce Corporation by 2.9% in the first quarter. Kinsight LLC now owns 7,057 shares of the financial services provider’s stock worth $258,000 after buying an additional 200 shares in the last quarter. American International Group Inc. raised its stake in National Commerce Corporation by 7.1% in the first quarter. American International Group Inc. now owns 5,207 shares of the financial services provider’s stock worth $191,000 after buying an additional 344 shares in the last quarter. Sfmg LLC raised its stake in National Commerce Corporation by 3.3% in the first quarter. Sfmg LLC now owns 15,000 shares of the financial services provider’s stock worth $549,000 after buying an additional 482 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in National Commerce Corporation by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 57,500 shares of the financial services provider’s stock worth $2,105,000 after buying an additional 500 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in National Commerce Corporation by 36.0% in the first quarter. Bank of Montreal Can now owns 6,054 shares of the financial services provider’s stock worth $222,000 after buying an additional 1,604 shares in the last quarter. 36.92% of the stock is owned by institutional investors and hedge funds.

Shares of National Commerce Corporation (NASDAQ:NCOM) opened at 39.95 on Monday. The firm has a market cap of $517.91 million, a price-to-earnings ratio of 23.19 and a beta of 1.08. National Commerce Corporation has a 12-month low of $23.12 and a 12-month high of $41.25. The firm’s 50-day moving average is $38.32 and its 200-day moving average is $37.47.

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A number of analysts have commented on NCOM shares. ValuEngine raised shares of National Commerce Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 target price on shares of National Commerce Corporation in a report on Friday, May 12th. Zacks Investment Research lowered shares of National Commerce Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. FBR & Co lifted their target price on shares of National Commerce Corporation from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. Finally, TheStreet raised shares of National Commerce Corporation from a “c” rating to a “b-” rating in a report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $38.33.

About National Commerce Corporation

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.

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

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