First NBC Bank Holding Co. (FNBC) Sets New 52-Week Low at $11.36
Shares of First NBC Bank Holding Co. (NASDAQ:FNBC) hit a new 52-week low during trading on Thursday . The stock traded as low as $11.36 and last traded at $11.63, with a volume of 193,746 shares trading hands. The stock had previously closed at $11.97.
Several analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of First NBC Bank Holding from $35.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, June 14th. Hovde Group upgraded shares of 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 note on Monday, June 13th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. First NBC Bank Holding currently has an average rating of “Hold” and an average target price of $21.75.
The firm’s 50-day moving average is $17.22 and its 200-day moving average is $20.07. The stock has a market capitalization of $229.88 million and a PE ratio of 3.50.
An institutional investor recently raised its position in First NBC Bank Holding stock. Bank of Montreal Can increased its stake in shares of First NBC Bank Holding Co. (NASDAQ:FNBC) by 28.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,854 shares of the financial services provider’s stock after buying an additional 8,658 shares during the period. Bank of Montreal Can owned approximately 0.20% of First NBC Bank Holding worth $1,453,000 at the end of the most recent reporting period.
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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