Bank of New York Mellon Corp raised its stake in shares of National Commerce Corp (NASDAQ:NCOM) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,015 shares of the financial services provider’s stock after purchasing an additional 4,956 shares during the quarter. Bank of New York Mellon Corp’s holdings in National Commerce were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in NCOM. Legal & General Group Plc lifted its holdings in shares of National Commerce by 12.0% in the 2nd quarter. Legal & General Group Plc now owns 2,754 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 296 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of National Commerce in the 2nd quarter worth approximately $247,000. HighTower Advisors LLC bought a new stake in shares of National Commerce in the 2nd quarter worth approximately $254,000. Ameriprise Financial Inc. bought a new stake in shares of National Commerce in the 2nd quarter worth approximately $255,000. Finally, Alliancebernstein L.P. bought a new stake in shares of National Commerce in the 2nd quarter worth approximately $257,000. Institutional investors and hedge funds own 47.85% of the company’s stock.
A number of brokerages have recently weighed in on NCOM. BidaskClub lowered shares of National Commerce from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered shares of National Commerce from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $43.00 price objective on shares of National Commerce in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $44.00.
Shares of National Commerce Corp (NASDAQ:NCOM) opened at $41.15 on Monday. The firm has a market cap of $608.36, a P/E ratio of 22.49 and a beta of 1.02. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.06. National Commerce Corp has a 1-year low of $35.00 and a 1-year high of $43.80.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Equities Focus and is the property of of Equities Focus. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.equitiesfocus.com/2018/01/08/national-commerce-corp-ncom-shares-bought-by-bank-of-new-york-mellon-corp.html.
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.
Want to see what other hedge funds are holding NCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Commerce Corp (NASDAQ:NCOM).
Receive News & Ratings for National Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Commerce and related companies with MarketBeat.com's FREE daily email newsletter.