Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. Chris20 Pete Mick and friends Message Board

$NCOM Last year Tom sights were on Birmingham, AL-

Message Board Public Reply | Private Reply | Keep | Replies (1)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 2218
(Total Views: 69)
Posted On: 04/02/2017 12:57:28 PM
Posted By: mick
$NCOM Last year Tom sights were on Birmingham, AL-based National Commerce Corp. (NASDAQ: NCOM - 37.50), up over 59%. It is engaged in the business of banking through its wholly owned banking subsidiary,

National Bank of Commerce.
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).

"The short story is that this bank is essentially run by the same group of people that ran the old Alabama National," says Tom. "So this is a 'putting the band back together' story."

The old Alabama National began as a very small Birmingham bank and was built into one of the finest southern banks around, with operations across Alabama, Georgia, and Florida. Alabama National was a highly profitable, well managed bank. It was also smart enough to announce their sale to Royal Bank of Canada in 2007 (closed February 2008), just before the last cycle turned ugly, for about 2.9x tangible book value and 20x earnings. If National Commerce can reach the profitability levels of the old Alabama National, then this stock should trade at a much higher valuation.

Many of the old Alabama National executives and board members purchased control of another struggling Birmingham bank in 2010. From this seed has grown operations across Alabama (e.g., Huntsville, Gulf Shores) and into Florida (Vero Beach, Daytona Beach).

They are growing very quickly and definitely have laid the foundations to build another high quality bank. Tom believes as they continue to grow, in part by calling on old customers, they will regain the efficiencies that come from scale and return on equity will return to the 10% to 15% range.


(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us