Analysts expect National Commerce Corp (NASDAQ:NCOM) to report $44.05 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for National Commerce’s earnings. The lowest sales estimate is $41.70 million and the highest is $46.40 million. National Commerce posted sales of $30.27 million during the same quarter last year, which would suggest a positive year over year growth rate of 45.5%. The business is expected to report its next earnings results on Tuesday, October 23rd.

According to Zacks, analysts expect that National Commerce will report full year sales of $166.75 million for the current year, with estimates ranging from $163.50 million to $170.00 million. For the next financial year, analysts anticipate that the firm will report sales of $202.55 million per share, with estimates ranging from $201.20 million to $203.90 million. Zacks’ sales calculations are an average based on a survey of research firms that cover National Commerce.

National Commerce (NASDAQ:NCOM) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.04). The business had revenue of $38.08 million for the quarter, compared to analyst estimates of $38.73 million. National Commerce had a return on equity of 7.97% and a net margin of 18.14%.

NCOM has been the topic of a number of research analyst reports. Zacks Investment Research lowered National Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. BidaskClub downgraded National Commerce from a “strong-buy” rating to a “buy” rating in a report on Friday, May 4th. Finally, Stephens reiterated a “hold” rating and set a $48.00 price objective on shares of National Commerce in a report on Thursday, July 26th.

NASDAQ NCOM opened at $45.50 on Friday. The stock has a market cap of $931.15 million, a PE ratio of 23.10 and a beta of 1.03. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05. National Commerce has a one year low of $38.03 and a one year high of $48.60.

Hedge funds have recently bought and sold shares of the business. Stifel Financial Corp grew its stake in National Commerce by 25.5% in the first quarter. Stifel Financial Corp now owns 77,151 shares of the financial services provider’s stock valued at $3,362,000 after purchasing an additional 15,661 shares in the last quarter. Signaturefd LLC bought a new position in National Commerce in the first quarter valued at approximately $237,000. Maltese Capital Management LLC bought a new position in National Commerce in the second quarter valued at approximately $2,681,000. MetLife Investment Advisors LLC bought a new position in National Commerce in the fourth quarter valued at approximately $186,000. Finally, Schwab Charles Investment Management Inc. grew its stake in National Commerce by 12.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 57,204 shares of the financial services provider’s stock valued at $2,492,000 after purchasing an additional 6,438 shares in the last quarter. Hedge funds and other institutional investors own 46.33% of the company’s stock.

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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