Bank of New York Mellon Corp Boosts Position in National Commerce (NCOM)

Bank of New York Mellon Corp increased its position in shares of National Commerce (NASDAQ:NCOM) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,308 shares of the financial services provider’s stock after buying an additional 4,293 shares during the quarter. Bank of New York Mellon Corp owned 0.39% of National Commerce worth $2,307,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of National Commerce during the third quarter worth about $113,000. JPMorgan Chase & Co. bought a new position in shares of National Commerce during the third quarter worth about $162,000. Ruggie Capital Group bought a new position in shares of National Commerce during the fourth quarter worth about $523,000. Bridgeworth LLC grew its holdings in shares of National Commerce by 100.0% during the fourth quarter. Bridgeworth LLC now owns 13,310 shares of the financial services provider’s stock worth $536,000 after buying an additional 6,655 shares in the last quarter. Finally, Evanson Asset Management LLC bought a new position in shares of National Commerce during the fourth quarter worth about $558,000. Institutional investors and hedge funds own 44.17% of the company’s stock.

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Shares of NASDAQ NCOM opened at $43.85 on Monday. National Commerce has a 52 week low of $35.60 and a 52 week high of $46.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.06. The company has a market cap of $766.61, a P/E ratio of 22.26 and a beta of 1.11.

National Commerce (NASDAQ:NCOM) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. National Commerce had a return on equity of 7.32% and a net margin of 15.46%. The firm had revenue of $32.27 million during the quarter, compared to analysts’ expectations of $31.50 million. equities research analysts anticipate that National Commerce will post 2.77 EPS for the current year.

A number of research firms recently issued reports on NCOM. Zacks Investment Research downgraded National Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub upgraded National Commerce from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $45.00 price objective on shares of National Commerce in a report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $44.25.

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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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Institutional Ownership by Quarter for National Commerce (NASDAQ:NCOM)

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