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

A number of equities research analysts have recently commented on the stock. Hovde Group raised shares of First NBC Bank Holding from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Monday, June 13th. FBR & Co reaffirmed a “marketperform” rating and set a $23.00 price objective on shares of First NBC Bank Holding in a research note on Wednesday, March 30th. Zacks Investment Research cut shares of First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of First NBC Bank Holding from $35.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, June 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. First NBC Bank Holding currently has an average rating of “Hold” and an average price target of $21.75.

The stock’s 50-day moving average price is $17.70 and its 200 day moving average price is $22.09. The firm has a market cap of $368.00 million and a PE ratio of 5.61.

A number of large investors have recently modified their holdings of FNBC. California State Teachers Retirement System boosted its stake in shares of 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. OppenheimerFunds Inc. boosted its stake in shares of 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. Boston Partners boosted its stake in shares of 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. Bank of Montreal Can boosted its stake in shares of 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. Finally, First Trust Advisors LP boosted its stake in shares of 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.

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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