Analysts Expect National Commerce Corp (NCOM) to Post $0.68 Earnings Per Share

Equities research analysts predict that National Commerce Corp (NASDAQ:NCOM) will report earnings per share of $0.68 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for National Commerce’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.65. National Commerce posted earnings of $0.46 per share during the same quarter last year, which would indicate a positive year over year growth rate of 47.8%. The business is scheduled to announce its next earnings report 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 year, analysts forecast that the firm will post earnings of $3.20 per share, with EPS estimates ranging from $3.14 to $3.25. Zacks’ EPS averages are a mean average based on a survey of sell-side research 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 earnings per share (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 analysts’ expectations of $38.73 million.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of National Commerce from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, June 27th. BidaskClub upgraded shares of National Commerce from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 22nd. Finally, Stephens restated a “hold” rating and issued a $48.00 target price on shares of National Commerce in a research note on Thursday, July 26th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. National Commerce currently has an average rating of “Hold” and an average target price of $48.67.

Several hedge funds have recently made changes to their positions in NCOM. BlackRock Inc. boosted its stake in shares of National Commerce by 30.3% in the second quarter. BlackRock Inc. now owns 866,150 shares of the financial services provider’s stock valued at $40,102,000 after purchasing an additional 201,532 shares during the period. RMB Capital Management LLC boosted its stake in National Commerce by 307.8% during the 1st quarter. RMB Capital Management LLC now owns 261,157 shares of the financial services provider’s stock valued at $11,373,000 after acquiring an additional 197,117 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. boosted its stake in National Commerce by 89.2% during the 1st quarter. Elizabeth Park Capital Advisors Ltd. now owns 333,476 shares of the financial services provider’s stock valued at $14,523,000 after acquiring an additional 157,232 shares during the last quarter. Millennium Management LLC boosted its stake in National Commerce by 100.2% during the 1st quarter. Millennium Management LLC now owns 147,723 shares of the financial services provider’s stock valued at $6,433,000 after acquiring an additional 73,928 shares during the last quarter. Finally, Maltese Capital Management LLC bought a new position in National Commerce during the 2nd quarter valued at $2,681,000. Institutional investors and hedge funds own 45.42% of the company’s stock.

NCOM traded down $0.20 during trading on Thursday, hitting $41.20. 70,100 shares of the company’s stock were exchanged, compared to its average volume of 57,294. 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 1 year low of $35.84 and a 1 year high of $48.60. The company has a market cap of $874.43 million, a P/E ratio of 20.91 and a beta of 1.01.

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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