Revenue Update on National Commerce Corp(NASDAQ:NCOM)

National Commerce Corp(NASDAQ:NCOM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $16.65M. Analysts estimated a revenue of $17.07M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.36.

In a different note, FBR Capital said it Initiates Coverage on National Commerce Corp, according to a research note issued on May 18, 2016. The shares have been rated ‘Market Perform’ by the firm.

National Commerce Corp (NCOM) remained unchanged at the close of Friday session. Even as the volume increased to 9,440 ,the shares failed to make any impression and ended at 0 points or 0.00% at $24.31. The trading session commenced at $24.25 and the stock hit a high of $24.4 and touched $24.25 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $28.32 and the 52-week low is $20.5. The company has a market cap of $264 M and has approximately 1,08,64,579 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Feb 3, 2016, Russell H Iv Vandevelde (director) purchased 6,000 shares at $22.70 per share price.Also, 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.

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