National Commerce Corporation NCOM was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $36.67 to $38.22 in the past one-month time frame.
The move came after the company announced that it has inked a definitive deal to merge with and into CenterState in an all-stock transaction worth roughly $850.4 million.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
National Commerce currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
National Commerce Corporation Price
National Commerce Corporation Price | National Commerce Corporation Quote
Investors interested in the Banks - Southeast industry may consider Popular, Inc. BPOP, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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