First NBC Bank Holding Co. (NASDAQ:FNBC) saw strong trading volume on Tuesday . 166,280 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 119,988 shares.The stock last traded at $16.46 and had previously closed at $18.10.

A number of analysts have weighed in on the company. Zacks Investment Research lowered First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 23rd. Keefe, Bruyette & Woods reduced their target price on 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. Finally, Hovde Group upgraded First NBC Bank Holding from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Monday, June 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. First NBC Bank Holding has a consensus rating of “Hold” and a consensus target price of $21.75.

The stock has a market cap of $311.72 million and a PE ratio of 4.75. The company’s 50-day moving average is $17.92 and its 200 day moving average is $21.17.

Several hedge funds 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 valued at $1,056,000 after buying an additional 400 shares during 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 valued at $14,797,000 after buying an additional 2,749 shares during 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 valued at $4,386,000 after buying an additional 3,644 shares during 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 valued at $1,453,000 after buying an additional 8,658 shares during 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 valued at $2,104,000 after buying an additional 44,340 shares during 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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