National Commerce (NCOM) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

National Commerce (NASDAQ:NCOM) released its quarterly earnings data on Wednesday. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10), Fidelity Earnings reports. The company had revenue of $37.69 million for the quarter, compared to the consensus estimate of $37.66 million. National Commerce had a net margin of 15.46% and a return on equity of 7.32%.

National Commerce stock opened at $44.55 on Thursday. The company has a market cap of $775.31, a PE ratio of 22.61 and a beta of 1.11. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.06. National Commerce has a 1 year low of $36.80 and a 1 year high of $46.60.

Several research firms have recently issued reports on NCOM. BidaskClub upgraded shares of National Commerce from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of National Commerce from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Thursday, January 11th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.25.

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National Commerce Company Profile

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.

Earnings History for National Commerce (NASDAQ:NCOM)

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