Zacks Investment Research upgraded shares of National Commerce (NASDAQ:NCOM) from a hold rating to a buy rating in a research note released on Thursday. The firm currently has $46.00 target price on the financial services provider’s stock.

According to Zacks, “National Commerce Corporation is a bank holding company. It offers services which include demand deposits, interest-bearing transaction accounts, money market accounts, savings deposits, certificates of deposit, commercial real estate term loans, residential mortgage loans, construction and land development loans, home equity lines of credit secured by residential property; commercial and industrial loans; consumer loans, factoring, invoicing, collection, accounts receivable management services to transportation companies, automotive parts and service providers. The company operates primarily in Alabama, Huntsville, Auburn-Opelika, Baldwin County and Vero Beach, Florida. National Commerce Corporation is headquartered in Birmingham, Alabama. “

Several other equities analysts have also recently commented on NCOM. Keefe, Bruyette & Woods reiterated a hold rating and set a $43.00 target price on shares of National Commerce in a research note on Thursday, October 26th. BidaskClub cut National Commerce from a hold rating to a sell rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average target price of $44.25.

National Commerce (NASDAQ NCOM) traded up $0.55 during trading on Thursday, hitting $42.10. The stock had a trading volume of 146,400 shares, compared to its average volume of 67,033. The stock has a market cap of $622.41, a PE ratio of 23.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.04 and a current ratio of 1.04. National Commerce has a 12 month low of $35.00 and a 12 month high of $43.80.

National Commerce (NASDAQ:NCOM) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). National Commerce had a net margin of 20.45% and a return on equity of 7.28%. equities analysts forecast that National Commerce will post 1.9 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in shares of National Commerce by 12.0% during 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 last quarter. Nationwide Fund Advisors lifted its stake in National Commerce by 7.1% during the second quarter. Nationwide Fund Advisors now owns 11,655 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 777 shares during the last quarter. Rhumbline Advisers lifted its stake in National Commerce by 13.4% during the second quarter. Rhumbline Advisers now owns 9,971 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 1,182 shares during the last quarter. California State Teachers Retirement System lifted its stake in National Commerce by 9.4% during the second quarter. California State Teachers Retirement System now owns 18,637 shares of the financial services provider’s stock worth $737,000 after purchasing an additional 1,600 shares during the last quarter. Finally, OxFORD Asset Management LLP lifted its stake in National Commerce by 23.5% during the second quarter. OxFORD Asset Management LLP now owns 12,662 shares of the financial services provider’s stock worth $501,000 after purchasing an additional 2,406 shares during the last quarter. Institutional investors own 47.85% of the company’s stock.

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About National Commerce

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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