First NBC Bank Holding Co. (NASDAQ:FNBC) shares fell 4.5% on Thursday . The company traded as low as $18.93 and last traded at $19.06, with a volume of 115,425 shares trading hands. The stock had previously closed at $19.95.

A number of research firms recently weighed in on FNBC. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of First NBC Bank Holding in a research report on Wednesday, June 15th. Hovde Group raised First NBC Bank Holding from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Monday, June 13th. Zacks Investment Research lowered First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 23rd. Finally, FBR & Co reaffirmed a “marketperform” rating and set a $23.00 price objective on shares of First NBC Bank Holding in a research report on Wednesday, March 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.75.

The company has a market cap of $363.80 million and a P/E ratio of 5.54. The firm’s 50-day moving average is $17.66 and its 200-day moving average is $22.23.

A number of hedge funds recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in First NBC Bank Holding by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 28,250 shares of the financial services provider’s stock worth $1,056,000 after buying an additional 400 shares in the last quarter. Bank of Montreal Can raised its stake in First NBC Bank Holding by 28.7% in the fourth quarter. Bank of Montreal Can now owns 38,854 shares of the financial services provider’s stock worth $1,453,000 after buying an additional 8,658 shares in the last quarter. First Trust Advisors LP raised its stake in First NBC Bank Holding by 371.2% in the fourth quarter. First Trust Advisors LP now owns 56,284 shares of the financial services provider’s stock worth $2,104,000 after buying an additional 44,340 shares in the last quarter. Boston Partners raised its stake in First NBC Bank Holding by 3.2% in the fourth quarter. Boston Partners now owns 117,317 shares of the financial services provider’s stock worth $4,386,000 after buying an additional 3,644 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its stake in First NBC Bank Holding by 0.7% in the fourth quarter. OppenheimerFunds Inc. now owns 395,767 shares of the financial services provider’s stock worth $14,797,000 after buying an additional 2,749 shares in the last quarter.

First NBC Bank Holding Company is a bank holding company. The Company offers a range of financial services through its wholly owned banking subsidiary, First NBC Bank. It serves its customers located in the Central Business District of New Orleans and the Mississippi Gulf Coast. The Company’s primary focus is on commercial real estate and commercial lending.

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