Nationwide Fund Advisors boosted its position in shares of National Commerce Corporation (NASDAQ:NCOM) by 7.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,655 shares of the financial services provider’s stock after acquiring an additional 777 shares during the quarter. Nationwide Fund Advisors owned 0.08% of National Commerce Corporation worth $461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of National Commerce Corporation by 12.0% in the 2nd 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 Corporation in the 1st quarter valued at about $108,000. American International Group Inc. boosted its stake in shares of National Commerce Corporation by 7.1% in the 1st 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 period. Ameriprise Financial Inc. purchased a new position in shares of National Commerce Corporation in the 2nd quarter valued at about $255,000. Finally, Alliancebernstein L.P. purchased a new position in shares of National Commerce Corporation in the 2nd quarter valued at about $257,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

In other National Commerce Corporation news, Director Russell H. Iv Vandevelde bought 1,767 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $38.86 per share, with a total value of $68,665.62. Following the transaction, the director now owns 98,333 shares of the company’s stock, valued at $3,821,220.38. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 19.40% of the stock is currently owned by company insiders.

NCOM has been the subject of several recent research reports. Zacks Investment Research upgraded National Commerce Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Wednesday, September 27th. Stephens set a $41.00 price objective on National Commerce Corporation and gave the company a “hold” rating in a research note on Thursday, August 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $43.00 price objective on shares of National Commerce Corporation in a research note on Thursday, October 26th. BidaskClub upgraded National Commerce Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, ValuEngine cut National Commerce Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $43.75.

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National Commerce Corporation (NCOM) opened at $40.90 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.04 and a quick ratio of 1.04. National Commerce Corporation has a 52 week low of $27.20 and a 52 week high of $43.80. The stock has a market capitalization of $604.38, a PE ratio of 22.35 and a beta of 1.04.

National Commerce Corporation 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.

Institutional Ownership by Quarter for National Commerce Corporation (NASDAQ:NCOM)

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