First NBC Bank Holding Co. (NASDAQ:FNBC) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $13.94 and last traded at $13.94, with a volume of 405,518 shares trading hands. The stock had previously closed at $15.75.

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

The company’s 50-day moving average price is $17.54 and its 200 day moving average price is $20.53. The firm has a market cap of $258.30 million and a P/E ratio of 3.94.

A number of hedge funds and institutional investors have modified their holdings of the company. Argent Capital Management LLC acquired a new position in shares of First NBC Bank Holding during the fourth quarter valued at approximately $1,710,000. 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. Finally, 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.

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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