National Commerce Corp (NCOM) Expected to Announce Earnings of $0.48 Per Share
Wall Street brokerages forecast that National Commerce Corp (NASDAQ:NCOM) will report earnings of $0.48 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for National Commerce’s earnings. National Commerce posted earnings per share of $0.44 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The company is expected to report its next quarterly earnings report on Tuesday, January 23rd.
On average, analysts expect that National Commerce will report full-year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.86 to $1.92. For the next year, analysts anticipate that the business will post earnings of $2.26 per share, with EPS estimates ranging from $2.15 to $2.32. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for National Commerce.
A number of research analysts recently weighed in on NCOM shares. Stephens set a $41.00 price target on shares of National Commerce and gave the company a “hold” rating in a research note on Thursday, August 17th. BidaskClub lowered shares of National Commerce from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of National Commerce from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $43.00 price target on shares of National Commerce in a research note on Thursday, October 26th. Seven research analysts have rated the stock with a hold rating, National Commerce currently has an average rating of “Hold” and a consensus price target of $43.75.
National Commerce (NCOM) traded down $0.45 during trading hours on Friday, hitting $40.00. The stock had a trading volume of 28,635 shares, compared to its average volume of 39,449. National Commerce has a 52-week low of $35.00 and a 52-week high of $43.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $591.36, a PE ratio of 21.86 and a beta of 1.02.
TRADEMARK VIOLATION NOTICE: “National Commerce Corp (NCOM) Expected to Announce Earnings of $0.48 Per Share” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/national-commerce-corp-ncom-expected-to-announce-earnings-of-0-48-per-share/1756153.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for National Commerce Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Commerce Corp and related companies with MarketBeat.com's FREE daily email newsletter.