National Commerce Corp (NCOM) Expected to Announce Earnings of $0.48 Per Share
Analysts forecast that National Commerce Corp (NASDAQ:NCOM) will post $0.48 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for National Commerce’s earnings. National Commerce posted earnings per share of $0.44 during the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The business is expected to report its next earnings results on Tuesday, January 23rd.
On average, analysts expect that National Commerce will report full year earnings of $1.89 per share for the current financial year, with EPS estimates ranging from $1.86 to $1.92. For the next year, analysts anticipate that the business will post earnings of $2.24 per share, with EPS estimates ranging from $2.15 to $2.32. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover National Commerce.
Several research firms have commented on NCOM. BidaskClub cut shares of National Commerce from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of National Commerce from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $43.00 target price on shares of National Commerce in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. National Commerce presently has an average rating of “Hold” and a consensus price target of $44.25.
National Commerce (NCOM) traded down $0.40 during midday trading on Wednesday, reaching $40.25. 35,151 shares of the company’s stock traded hands, compared to its average volume of 43,685. National Commerce has a 1 year low of $35.00 and a 1 year high of $43.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.06. The company has a market cap of $600.98, a PE ratio of 21.99 and a beta of 1.02.
Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of National Commerce in the third quarter valued at approximately $113,000. Legal & General Group Plc boosted its holdings in shares of National Commerce by 12.0% in the second quarter. Legal & General Group Plc now owns 2,754 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 296 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of National Commerce in the third quarter valued at approximately $162,000. Globeflex Capital L P bought a new position in shares of National Commerce in the second quarter valued at approximately $247,000. Finally, HighTower Advisors LLC bought a new position in shares of National Commerce in the second quarter valued at approximately $254,000. Institutional investors and hedge funds own 47.85% of the company’s stock.
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National Commerce Company 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.
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