TD Asset Management Inc. Sells 1,100 Shares of National Commerce Corp (NASDAQ:NCOM)

TD Asset Management Inc. cut its position in shares of National Commerce Corp (NASDAQ:NCOM) by 7.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,941 shares of the financial services provider’s stock after selling 1,100 shares during the quarter. TD Asset Management Inc. owned 0.07% of National Commerce worth $547,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NCOM. BlackRock Inc. grew its stake in shares of National Commerce by 9.9% in the fourth quarter. BlackRock Inc. now owns 1,213,335 shares of the financial services provider’s stock worth $43,682,000 after acquiring an additional 108,977 shares during the last quarter. Vanguard Group Inc. boosted its stake in National Commerce by 12.6% during the third quarter. Vanguard Group Inc. now owns 715,431 shares of the financial services provider’s stock worth $29,547,000 after buying an additional 79,814 shares in the last quarter. Water Island Capital LLC boosted its stake in National Commerce by 481.2% during the first quarter. Water Island Capital LLC now owns 648,037 shares of the financial services provider’s stock worth $25,410,000 after buying an additional 536,540 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in National Commerce by 15.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 410,172 shares of the financial services provider’s stock worth $14,766,000 after buying an additional 56,304 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in National Commerce by 0.8% during the fourth quarter. Northern Trust Corp now owns 224,966 shares of the financial services provider’s stock worth $8,099,000 after buying an additional 1,718 shares in the last quarter. 51.71% of the stock is owned by institutional investors.

Shares of National Commerce stock remained flat at $$39.21 during trading on Monday. The company had a trading volume of 246,188 shares, compared to its average volume of 95,804. The stock has a 50 day simple moving average of $39.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. National Commerce Corp has a fifty-two week low of $33.40 and a fifty-two week high of $48.60. The stock has a market capitalization of $815.96 million, a price-to-earnings ratio of 15.75 and a beta of 1.22.

A number of research firms have weighed in on NCOM. Zacks Investment Research downgraded shares of National Commerce from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. ValuEngine cut National Commerce from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Finally, BidaskClub cut National Commerce from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. National Commerce currently has a consensus rating of “Hold” and an average price target of $42.50.

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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Institutional Ownership by Quarter for National Commerce (NASDAQ:NCOM)

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