National Commerce Corp (NCOM) Forecasted to Earn FY2018 Earnings of $2.55 Per Share

National Commerce Corp (NASDAQ:NCOM) – Research analysts at FIG Partners dropped their FY2018 EPS estimates for National Commerce in a research note issued to investors on Wednesday, October 24th. FIG Partners analyst C. Marinac now anticipates that the financial services provider will post earnings of $2.55 per share for the year, down from their prior forecast of $2.66. FIG Partners also issued estimates for National Commerce’s Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.81 EPS and Q4 2019 earnings at $0.82 EPS.

Several other equities analysts have also recently issued reports on NCOM. Stephens reaffirmed a “hold” rating and issued a $39.00 price objective on shares of National Commerce in a research report on Thursday, October 25th. Zacks Investment Research cut National Commerce from a “hold” rating to a “sell” rating in a research report on Saturday. BidaskClub raised National Commerce from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Raymond James raised National Commerce from a “market perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research report on Thursday, October 25th. Finally, ValuEngine cut National Commerce from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $44.50.



NCOM stock opened at $36.76 on Monday. The company has a market capitalization of $749.45 million, a P/E ratio of 18.66 and a beta of 1.03. National Commerce has a 12-month low of $35.02 and a 12-month high of $48.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05.

National Commerce (NASDAQ:NCOM) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). The company had revenue of $44.79 million during the quarter, compared to the consensus estimate of $44.05 million. National Commerce had a return on equity of 8.92% and a net margin of 19.31%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its holdings in shares of National Commerce by 11.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 45,209 shares of the financial services provider’s stock valued at $1,867,000 after acquiring an additional 4,670 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of National Commerce by 131.4% in the 3rd quarter. First Trust Advisors LP now owns 56,459 shares of the financial services provider’s stock valued at $2,332,000 after acquiring an additional 32,063 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of National Commerce in the 3rd quarter valued at about $266,000. Northern Trust Corp lifted its holdings in shares of National Commerce by 23.3% in the 2nd quarter. Northern Trust Corp now owns 178,722 shares of the financial services provider’s stock valued at $8,275,000 after acquiring an additional 33,764 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of National Commerce by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,421 shares of the financial services provider’s stock valued at $3,121,000 after acquiring an additional 5,006 shares during the last quarter. 45.29% of the stock is currently owned by institutional investors and hedge funds.

National Commerce Company Profile

National Commerce Corporation operates as the bank holding company for National Bank of Commerce that provides various financial services to businesses, business owners, and professionals. The company offers deposit products, including interest and noninterest-bearing demand deposits, money market accounts, interest-bearing transaction accounts, savings and time deposits, checking accounts, and certificates of deposit, as well as negotiable orders of withdrawal accounts.

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Earnings History and Estimates for National Commerce (NASDAQ:NCOM)

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