Equities analysts predict that National Commerce Corp (NASDAQ:NCOM) will post sales of $37.54 million for the current quarter, according to Zacks. Two analysts have made estimates for National Commerce’s earnings. The lowest sales estimate is $37.39 million and the highest is $37.68 million. National Commerce reported sales of $27.87 million in the same quarter last year, which indicates a positive year over year growth rate of 34.7%. The company is scheduled to announce its next quarterly earnings report on Monday, April 23rd.
On average, analysts expect that National Commerce will report full year sales of $37.54 million for the current year, with estimates ranging from $156.85 million to $157.36 million. For the next financial year, analysts forecast that the business will post sales of $172.15 million per share, with estimates ranging from $170.91 million to $173.38 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for National Commerce.
National Commerce (NASDAQ:NCOM) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. National Commerce had a net margin of 15.46% and a return on equity of 7.53%. The business had revenue of $32.27 million during the quarter, compared to analyst estimates of $31.50 million.
Several equities research analysts recently issued reports on NCOM shares. BidaskClub raised shares of National Commerce from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 target price on shares of National Commerce in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised shares of National Commerce from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Thursday, January 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $44.25.
National Commerce (NASDAQ:NCOM) traded up $0.35 during mid-day trading on Wednesday, hitting $45.05. 55,978 shares of the company traded hands, compared to its average volume of 38,698. 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 1-year low of $35.00 and a 1-year high of $46.00. The firm has a market cap of $661.04, a price-to-earnings ratio of 30.86 and a beta of 1.15.
A number of institutional investors have recently added to or reduced their stakes in NCOM. Alliancebernstein L.P. acquired a new position in National Commerce during the 2nd quarter worth $257,000. Teachers Advisors LLC lifted its position in National Commerce by 33.0% during the 2nd quarter. Teachers Advisors LLC now owns 18,762 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 4,655 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in National Commerce during the 2nd quarter worth $255,000. New York State Common Retirement Fund lifted its position in National Commerce by 27.5% during the 2nd quarter. New York State Common Retirement Fund now owns 12,500 shares of the financial services provider’s stock worth $494,000 after acquiring an additional 2,699 shares during the last quarter. Finally, Northern Trust Corp lifted its position in National Commerce by 35.4% during the 2nd quarter. Northern Trust Corp now owns 133,428 shares of the financial services provider’s stock worth $5,276,000 after acquiring an additional 34,882 shares during the last quarter. 51.46% of the stock is owned by hedge funds and other institutional investors.
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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