National Commerce Corporation (NASDAQ:NCOM) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $41.33.

Several research firms have weighed in on NCOM. ValuEngine downgraded shares of National Commerce Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research downgraded shares of National Commerce Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of National Commerce Corporation from a “sell” rating to a “hold” rating in a research note on Saturday. Stephens set a $41.00 price target on shares of National Commerce Corporation and gave the company a “hold” rating in a research note on Thursday, August 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $38.00 price target on shares of National Commerce Corporation in a research note on Friday, May 12th.

In related news, Director Russell H. Iv Vandevelde purchased 1,767 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $38.86 per share, with a total value of $68,665.62. Following the completion of the purchase, the director now owns 98,333 shares in the company, valued at approximately $3,821,220.38. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 19.40% of the company’s stock.

Several large investors have recently bought and sold shares of NCOM. SG Americas Securities LLC acquired a new stake in National Commerce Corporation during the first quarter valued at approximately $108,000. Legal & General Group Plc increased its stake in National Commerce Corporation 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 buying an additional 296 shares during the last quarter. American International Group Inc. increased its stake in National Commerce Corporation by 7.1% in the first quarter. American International Group Inc. now owns 5,207 shares of the financial services provider’s stock valued at $191,000 after buying an additional 344 shares during the last quarter. Bank of Montreal Can increased its stake in National Commerce Corporation by 36.0% in the first quarter. Bank of Montreal Can now owns 6,054 shares of the financial services provider’s stock valued at $222,000 after buying an additional 1,604 shares during the last quarter. Finally, Homrich & Berg acquired a new stake in National Commerce Corporation during the first quarter valued at approximately $236,000. 47.21% of the stock is owned by institutional investors.

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National Commerce Corporation (NCOM) traded down 0.38% during trading on Wednesday, hitting $39.60. 13,508 shares of the company were exchanged. The stock has a market capitalization of $557.17 million, a PE ratio of 22.07 and a beta of 1.07. The firm’s 50 day moving average price is $39.86 and its 200-day moving average price is $38.37. National Commerce Corporation has a 1-year low of $25.56 and a 1-year high of $41.25.

About National Commerce Corporation

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.

Analyst Recommendations for National Commerce Corporation (NASDAQ:NCOM)

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