Analysts Anticipate National Commerce (NCOM) Will Announce Quarterly Sales of $37.66 Million

Analysts expect National Commerce (NASDAQ:NCOM) to post $37.66 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for National Commerce’s earnings, with estimates ranging from $37.39 million to $37.93 million. National Commerce reported sales of $27.87 million in the same quarter last year, which would suggest a positive year over year growth rate of 35.1%. The business is scheduled to report its next earnings results on Monday, April 23rd.

On average, analysts expect that National Commerce will report full year sales of $157.64 million for the current financial year, with estimates ranging from $157.36 million to $157.92 million. For the next financial year, analysts expect that the firm will report sales of $172.65 million per share, with estimates ranging from $171.92 million to $173.38 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover National Commerce.

National Commerce (NASDAQ:NCOM) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.53 earnings per share (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 company had revenue of $32.27 million for the quarter, compared to analyst estimates of $31.50 million.



NCOM has been the topic of a number of research analyst reports. Zacks Investment Research lowered National Commerce from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub upgraded National Commerce from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 price target on shares of National Commerce in a research note on Friday, December 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. National Commerce currently has an average rating of “Hold” and an average target price of $44.25.

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of National Commerce during the third quarter worth about $113,000. JPMorgan Chase & Co. purchased a new stake in shares of National Commerce during the third quarter worth about $162,000. MetLife Investment Advisors LLC purchased a new stake in shares of National Commerce during the fourth quarter worth about $186,000. Certified Advisory Corp purchased a new stake in shares of National Commerce during the fourth quarter worth about $232,000. Finally, Raymond James & Associates purchased a new stake in shares of National Commerce during the fourth quarter worth about $269,000. Institutional investors and hedge funds own 44.17% of the company’s stock.

NCOM traded down $0.65 on Tuesday, hitting $43.85. The company had a trading volume of 22,948 shares, compared to its average volume of 50,332. National Commerce has a 12-month low of $35.60 and a 12-month high of $46.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $766.61, a PE ratio of 22.26 and a beta of 1.11.

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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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