National Commerce Corp (NCOM) is Downgraded by FIG Partners to Market Perform

National Commerce Corp (NCOM) was Downgraded by FIG Partners to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. FIG Partners advised their investors in a research report released on Sep 1, 2016.

National Commerce Corp closed down -0.33 points or -1.23% at $26.56 with 15,958 shares getting traded on Monday. Post opening the session at $26.76, the shares hit an intraday low of $26.53 and an intraday high of $27.04 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

National Commerce Corp

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