Analysts expect that National Commerce Corp (NASDAQ:NCOM) will post $44.05 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for National Commerce’s earnings, with the lowest sales estimate coming in at $41.70 million and the highest estimate coming in at $46.40 million. National Commerce reported sales of $30.27 million during the same quarter last year, which suggests a positive year-over-year growth rate of 45.5%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, October 23rd.
According to Zacks, analysts expect that National Commerce will report full-year sales of $166.75 million for the current year, with estimates ranging from $163.50 million to $170.00 million. For the next year, analysts expect that the company will report sales of $202.55 million, with estimates ranging from $201.20 million to $203.90 million. Zacks Investment Research’s sales averages are a mean 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, July 25th. The financial services provider reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.04). National Commerce had a return on equity of 7.97% and a net margin of 18.14%. The business had revenue of $38.08 million during the quarter, compared to the consensus estimate of $38.73 million.
Several brokerages have commented on NCOM. Zacks Investment Research raised shares of National Commerce from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday, June 27th. BidaskClub raised shares of National Commerce from a “buy” rating to a “strong-buy” rating in a report on Friday, June 22nd. Stephens reissued a “hold” rating and issued a $48.00 price target on shares of National Commerce in a report on Thursday, July 26th. Finally, ValuEngine downgraded shares of National Commerce from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.67.
Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in National Commerce in the 1st quarter valued at $107,000. MinichMacGregor Wealth Management LLC bought a new position in National Commerce in the 2nd quarter valued at $134,000. Barclays PLC lifted its holdings in shares of National Commerce by 73.0% during the 1st quarter. Barclays PLC now owns 3,293 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 1,390 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of National Commerce by 62.5% during the 1st quarter. JPMorgan Chase & Co. now owns 4,208 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 1,619 shares during the last quarter. Finally, BDO Wealth Advisors LLC bought a new stake in shares of National Commerce during the 1st quarter worth $192,000. 45.42% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:NCOM opened at $39.10 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. National Commerce has a one year low of $35.84 and a one year high of $48.60. The firm has a market capitalization of $820.81 million, a price-to-earnings ratio of 19.85 and a beta of 1.02.
About National Commerce
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.
Further Reading: How do investors use RSI to grade stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.