Equities analysts predict that National Commerce Corp (NASDAQ:NCOM) will report sales of $47.95 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for National Commerce’s earnings. The lowest sales estimate is $47.40 million and the highest is $48.50 million. National Commerce posted sales of $37.69 million in the same quarter last year, which suggests a positive year-over-year growth rate of 27.2%. The business is expected to announce its next earnings report on Tuesday, April 23rd.

On average, analysts expect that National Commerce will report full year sales of $201.59 million for the current fiscal year, with estimates ranging from $200.50 million to $202.67 million. For the next fiscal year, analysts expect that the business will post sales of $218.26 million, with estimates ranging from $215.00 million to $221.52 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow National Commerce.

National Commerce (NASDAQ:NCOM) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.07). The firm had revenue of $49.03 million during the quarter, compared to analyst estimates of $48.53 million. National Commerce had a net margin of 22.22% and a return on equity of 8.32%.

Several research firms have recently weighed in on NCOM. Zacks Investment Research raised National Commerce from a “sell” rating to a “hold” rating in a report on Wednesday, November 14th. BidaskClub raised National Commerce from a “buy” rating to a “strong-buy” rating in a report on Thursday. Raymond James downgraded National Commerce from an “outperform” rating to a “market perform” rating and set a $41.00 price target for the company. in a report on Tuesday, November 27th. Stephens reaffirmed a “hold” rating and set a $39.00 price target on shares of National Commerce in a report on Thursday, October 25th. Finally, ValuEngine raised National Commerce from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. National Commerce has an average rating of “Buy” and an average price target of $42.50.

Several hedge funds and other institutional investors have recently modified their holdings of NCOM. JPMorgan Chase & Co. lifted its holdings in National Commerce by 43.6% in the third quarter. JPMorgan Chase & Co. now owns 5,598 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 1,701 shares during the period. Bank of America Corp DE lifted its holdings in National Commerce by 51.5% in the second quarter. Bank of America Corp DE now owns 10,568 shares of the financial services provider’s stock valued at $490,000 after acquiring an additional 3,592 shares during the period. Fenimore Asset Management Inc. lifted its holdings in National Commerce by 0.5% in the fourth quarter. Fenimore Asset Management Inc. now owns 259,795 shares of the financial services provider’s stock valued at $9,353,000 after acquiring an additional 1,210 shares during the period. Wells Fargo & Company MN lifted its holdings in National Commerce by 9.6% in the third quarter. Wells Fargo & Company MN now owns 83,463 shares of the financial services provider’s stock valued at $3,448,000 after acquiring an additional 7,291 shares during the period. Finally, Pinnacle Financial Partners Inc. lifted its holdings in National Commerce by 688.9% in the third quarter. Pinnacle Financial Partners Inc. now owns 3,550 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 3,100 shares during the period. 51.17% of the stock is owned by hedge funds and other institutional investors.

Shares of NCOM stock traded down $0.74 during trading hours on Monday, hitting $43.01. The stock had a trading volume of 76,500 shares, compared to its average volume of 84,726. The company has a market capitalization of $902.11 million, a P/E ratio of 17.27 and a beta of 1.23. National Commerce has a twelve month low of $33.40 and a twelve month high of $48.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05.

About National Commerce

National Commerce Corporation operates as the bank holding company for National Bank of Commerce that provides various financial services to businesses, business owners, and professionals. The company offers deposit products, including interest and noninterest-bearing demand deposits, money market accounts, interest-bearing transaction accounts, savings and time deposits, checking accounts, and certificates of deposit, as well as negotiable orders of withdrawal accounts.

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

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