National Commerce Corp (NCOM) was Initiated by FBR Capital to “Mkt Perform” and the brokerage firm has set the Price Target at $27. FBR Capital advised their investors in a research report released on May 18, 2016.
National Commerce Corp opened for trading at $23.28 and hit $23.58 on the upside on Monday, eventually ending the session at $23.58, with a gain of 0.30% or 0.07 points. The heightened volatility saw the trading volume jump to 7,145 shares. Company has a market cap of $256 M.
In a different news, on Feb 3, 2016, Russell H Iv Vandevelde (director) purchased 6,000 shares at $22.70 per share price. According to the SEC, on Mar 24, 2015, Temple W Iii Tutwiler (director) purchased 5,000 shares at $19.50 per share price. On Mar 24, 2015, R Holman Head (director) purchased 5,000 shares at $19.50 per share price, according to the Form-4 filing with the securities and exchange commission.
National Commerce Corporation (NCC) is a bank holding company. The Company is engaged in the business of banking through its wholly owned banking subsidiary National Bank of Commerce (the Bank or NBC). Through the Bank it provides an array of financial services to businesses business owners and professionals through eight full-service banking offices in Alabama (Birmingham Huntsville Auburn-Opelika and Baldwin County) and seven full-service banking offices in Central Florida (Longwood Winter Park Orlando Oviedo Kissimmee and Vero Beach). It also owns an equity interest in CBI Holding Company LLC (CBI) which owns Corporate Billing LLC (Corporate Billing) a transaction-based finance company that provides factoring invoicing collection and accounts receivable management services to transportation companies and automotive parts and service providers throughout the United States and parts of Canada.