National Commerce Corp (NCOM) Expected to Post Earnings of $0.68 Per Share

Wall Street analysts predict that National Commerce Corp (NASDAQ:NCOM) will post earnings per share (EPS) of $0.68 for the current quarter, according to Zacks. Two analysts have issued estimates for National Commerce’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.70. National Commerce reported earnings of $0.46 per share in the same quarter last year, which would indicate a positive year over year growth rate of 47.8%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, October 23rd.

On average, analysts expect that National Commerce will report full-year earnings of $2.63 per share for the current financial year, with EPS estimates ranging from $2.60 to $2.66. For the next fiscal year, analysts expect that the company will report earnings of $3.20 per share, with EPS estimates ranging from $3.14 to $3.25. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for National Commerce.

National Commerce (NASDAQ:NCOM) last posted its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.61 EPS for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $38.73 million.

Several research firms recently 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 objective on the stock in a research note on Wednesday, June 27th. BidaskClub lowered shares of National Commerce from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 30th. Stephens reiterated a “hold” rating and issued a $48.00 target price on shares of National Commerce in a research note on Thursday, July 26th. Finally, ValuEngine downgraded shares of National Commerce from a “hold” rating to a “sell” rating in a research note 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 a consensus target price of $48.67.

NASDAQ:NCOM opened at $39.10 on Friday. National Commerce has a one year low of $35.84 and a one year high of $48.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $820.81 million, a P/E ratio of 19.85 and a beta of 1.02.

Several hedge funds and other institutional investors have recently modified their holdings of NCOM. Wells Fargo & Company MN lifted its stake in shares of National Commerce by 6.9% in the first quarter. Wells Fargo & Company MN now owns 54,399 shares of the financial services provider’s stock worth $2,369,000 after buying an additional 3,490 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of National Commerce in the first quarter worth approximately $107,000. Prudential Financial Inc. bought a new position in shares of National Commerce in the first quarter worth approximately $402,000. Swiss National Bank lifted its stake in shares of National Commerce by 31.4% in the first quarter. Swiss National Bank now owns 25,100 shares of the financial services provider’s stock worth $1,093,000 after buying an additional 6,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of National Commerce by 12.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 57,204 shares of the financial services provider’s stock worth $2,492,000 after buying an additional 6,438 shares in the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.

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.

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