Shares of First NBC Bank Holding Co. (NASDAQ:FNBC) saw an uptick in trading volume on Monday . 230,714 shares changed hands during mid-day trading, an increase of 45% from the previous session’s volume of 158,872 shares.The stock last traded at $15.75 and had previously closed at $15.35.

A number of research firms have issued reports on FNBC. Keefe, Bruyette & Woods cut 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. 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. Finally, Zacks Investment Research cut First NBC Bank Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $21.75.

The firm’s 50 day moving average price is $17.73 and its 200 day moving average price is $20.81. The company has a market cap of $300.08 million and a price-to-earnings ratio of 4.57.

Other hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted 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. Bank of Montreal Can boosted 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. Finally, California State Teachers Retirement System boosted 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.

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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