Modera Wealth Management LLC Trims Holdings in National Commerce Corp (NCOM)

Modera Wealth Management LLC trimmed its stake in National Commerce Corp (NASDAQ:NCOM) by 38.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,412 shares of the financial services provider’s stock after selling 3,945 shares during the quarter. Modera Wealth Management LLC’s holdings in National Commerce were worth $297,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. TD Asset Management Inc. lifted its stake in shares of National Commerce by 14.5% in the second quarter. TD Asset Management Inc. now owns 9,500 shares of the financial services provider’s stock valued at $440,000 after buying an additional 1,200 shares in the last quarter. Barclays PLC lifted its stake in shares of National Commerce by 73.0% in the first quarter. Barclays PLC now owns 3,293 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,390 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of National Commerce by 62.5% in the first quarter. JPMorgan Chase & Co. now owns 4,208 shares of the financial services provider’s stock valued at $183,000 after buying an additional 1,619 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of National Commerce by 0.8% in the first quarter. The Manufacturers Life Insurance Company now owns 223,067 shares of the financial services provider’s stock valued at $9,714,000 after buying an additional 1,798 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of National Commerce in the first quarter valued at $107,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

NCOM opened at $45.50 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02. National Commerce Corp has a fifty-two week low of $38.03 and a fifty-two week high of $48.60. The stock has a market cap of $938.36 million, a P/E ratio of 23.10 and a beta of 1.03.

National Commerce (NASDAQ:NCOM) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.04). National Commerce had a net margin of 18.14% and a return on equity of 7.97%. The firm had revenue of $38.08 million for the quarter, compared to the consensus estimate of $38.73 million. equities research analysts predict that National Commerce Corp will post 2.7 EPS for the current fiscal year.

A number of research analysts have weighed in on NCOM shares. BidaskClub lowered shares of National Commerce from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 30th. Zacks Investment Research raised shares of National Commerce from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, June 27th. Finally, Stephens reaffirmed a “hold” rating and issued a $48.00 price objective on shares of National Commerce in a research note on Thursday, July 26th.

National Commerce 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.

Featured Story: Should I invest in “strong buy” stocks?

Institutional Ownership by Quarter for National Commerce (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.

Leave a Reply