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.

Several institutional investors and hedge funds have recently made changes to their positions in NCOM. Legal & General Group Plc lifted its stake in shares of National Commerce by 12.0% during the second quarter. Legal & General Group Plc now owns 2,754 shares of the financial services provider’s stock valued at $109,000 after buying an additional 296 shares during the period. SG Americas Securities LLC purchased a new position in shares of National Commerce in the 3rd quarter valued at $113,000. JPMorgan Chase & Co. purchased a new position in shares of National Commerce in the 3rd quarter valued at $162,000. Globeflex Capital L P purchased a new position in shares of National Commerce in the 2nd quarter valued at $247,000. Finally, HighTower Advisors LLC purchased a new position in shares of National Commerce in the 2nd quarter valued at $254,000. 47.94% of the stock is currently owned by institutional investors and hedge funds.

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.

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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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Earnings History and Estimates for National Commerce (NASDAQ:NCOM)

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