Stock Mover of the Day: Today National Commerce Corp Stock Reaches 52-Week High

Stock Mover of the Day: Today National Commerce Corp Stock Reaches 52 Week High

The stock of National Commerce Corp (NASDAQ:NCOM) hit a new 52-week high and has $45.07 target or 37.00% above today’s $32.90 share price. The 8 months bullish chart indicates low risk for the $371.37 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $45.07 price target is reached, the company will be worth $137.41M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 10.03% or $3 during the last trading session, hitting $32.9. About 57,184 shares traded hands or 63.10% up from the average. National Commerce Corp (NASDAQ:NCOM) has risen 26.53% since April 11, 2016 and is uptrending. It has outperformed by 20.39% the S&P500.

National Commerce Corp (NASDAQ:NCOM) Ratings Coverage

Out of 2 analysts covering National Commerce Corp (NASDAQ:NCOM), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. National Commerce Corp has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock of National Commerce Corp (NASDAQ:NCOM) has “Buy” rating given on Thursday, August 27 by Zacks. The rating was downgraded by FIG Partners to “Market Perform” on Thursday, September 1. The stock has “Mkt Perform” rating given by FBR Capital on Wednesday, October 26. The rating was initiated by FBR Capital with “Market Perform” on Wednesday, May 18.

According to Zacks Investment Research, “National Commerce Corporation is a bank holding company. It offers services which include demand deposits, interest-bearing transaction accounts, money market accounts, savings deposits, certificates of deposit, commercial real estate term loans, residential mortgage loans, construction and land development loans, home equity lines of credit secured by residential property; commercial and industrial loans; consumer loans, factoring, invoicing, collection, accounts receivable management services to transportation companies, automotive parts and service providers. The company operates primarily in Alabama, Huntsville, Auburn-Opelika, Baldwin County and Vero Beach, Florida. National Commerce Corporation is headquartered in Birmingham, Alabama.”

More important recent National Commerce Corp (NASDAQ:NCOM) news were published by: Bizjournals.com which released: “National Commerce Corp. acquires Georgia bank” on August 31, 2016, also Al.com published article titled: “National Commerce Corp.’s income nearly doubles year over year”, Globenewswire.com published: “National Commerce Corporation Announces Third Quarter 2016 Earnings” on October 25, 2016. More interesting news about National Commerce Corp (NASDAQ:NCOM) was released by: Globenewswire.com and their article: “National Commerce Corporation Announces Opening of Atlanta Office” with publication date: March 25, 2016.

NCOM Company Profile

National Commerce Corporation (NCC), incorporated on July 19, 2013, is a financial holding company. The Firm is engaged in the business of banking through its banking subsidiary, National Bank of Commerce (the Bank). The Company, through the Bank, provides a range of financial services to businesses, business owners and professionals. The Firm holds interest in CBI Holding Company, LLC, which owns Corporate Billing, LLC, a transaction finance firm that provides factoring, invoicing, collection and accounts receivable management services to transportation companies, and automotive parts and service providers across the United States and Canada. The Bank provides a range of commercial and consumer banking services across Alabama, and in central and northeast Florida.

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