BidaskClub upgraded shares of National Commerce (NASDAQ:NCOM) from a sell rating to a hold rating in a report released on Wednesday.

A number of other analysts have also weighed in on NCOM. Zacks Investment Research lowered shares of National Commerce from a buy rating to a hold rating in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $43.00 price objective on shares of National Commerce in a research note on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and a consensus target price of $43.75.

National Commerce (NASDAQ NCOM) traded down $0.10 during trading hours on Wednesday, reaching $41.25. 37,000 shares of the company were exchanged, compared to its average volume of 33,674. National Commerce has a 52 week low of $35.00 and a 52 week high of $43.80. The stock has a market capitalization of $611.33, a price-to-earnings ratio of 22.60 and a beta of 1.02. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.06.

A number of institutional investors have recently made changes to their positions in NCOM. Goldman Sachs Group Inc. bought a new position in National Commerce in the second quarter worth about $9,709,000. Banc Funds Co. LLC increased its holdings in shares of National Commerce by 37.5% during the second quarter. Banc Funds Co. LLC now owns 385,351 shares of the financial services provider’s stock valued at $15,241,000 after acquiring an additional 105,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of National Commerce by 56.9% during the second quarter. The Manufacturers Life Insurance Company now owns 220,139 shares of the financial services provider’s stock valued at $8,706,000 after acquiring an additional 79,810 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of National Commerce by 22.7% during the second quarter. Vanguard Group Inc. now owns 423,100 shares of the financial services provider’s stock valued at $16,733,000 after acquiring an additional 78,261 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of National Commerce by 60.6% during the third quarter. Dimensional Fund Advisors LP now owns 129,580 shares of the financial services provider’s stock valued at $5,546,000 after acquiring an additional 48,888 shares in the last quarter. Institutional investors and hedge funds own 47.85% of the company’s stock.

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National Commerce Company 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.

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