$38.73 Million in Sales Expected for National Commerce (NCOM) This Quarter

Brokerages forecast that National Commerce (NASDAQ:NCOM) will report $38.73 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for National Commerce’s earnings, with the highest sales estimate coming in at $38.92 million and the lowest estimate coming in at $38.53 million. National Commerce posted sales of $29.03 million in the same quarter last year, which would indicate a positive year over year growth rate of 33.4%. The business is expected to issue its next earnings results on Tuesday, July 24th.

On average, analysts expect that National Commerce will report full year sales of $160.20 million for the current fiscal year, with estimates ranging from $157.36 million to $163.04 million. For the next year, analysts forecast that the business will report sales of $190.06 million per share, with estimates ranging from $173.38 million to $206.73 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover National Commerce.

National Commerce (NASDAQ:NCOM) last posted its earnings results on Wednesday, April 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). National Commerce had a net margin of 16.53% and a return on equity of 7.69%. The company had revenue of $37.69 million for the quarter, compared to the consensus estimate of $37.66 million.



Several equities analysts have recently weighed in on NCOM shares. BidaskClub upgraded shares of National Commerce from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut shares of National Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. National Commerce has a consensus rating of “Hold” and an average target price of $44.00.

Several large investors have recently modified their holdings of the company. BDO Wealth Advisors LLC bought a new position in shares of National Commerce in the 1st quarter worth approximately $192,000. Principal Financial Group Inc. bought a new position in shares of National Commerce in the 1st quarter worth approximately $235,000. NEXT Financial Group Inc bought a new stake in National Commerce during the 1st quarter worth approximately $274,000. Millennium Management LLC raised 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 worth $6,433,000 after acquiring an additional 73,928 shares during the period. Finally, Barclays PLC raised its stake in National Commerce by 73.0% during the 1st quarter. Barclays PLC now owns 3,293 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 1,390 shares during the period. Hedge funds and other institutional investors own 51.68% of the company’s stock.

Shares of National Commerce opened at $46.15 on Thursday, Marketbeat.com reports. National Commerce has a twelve month low of $37.00 and a twelve month high of $46.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $792.55 million, a PE ratio of 23.43 and a beta of 1.12.

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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