First NBC Bank Holding Co. (FNBC) Stock Price Down 2.6%
Shares of First NBC Bank Holding Co. (NASDAQ:FNBC) fell 2.6% during trading on Monday . The company traded as low as $11.77 and last traded at $11.81, with a volume of 397,916 shares traded. The stock had previously closed at $12.12.
A number of brokerages have commented on FNBC. Keefe, Bruyette & Woods reduced their price target on First NBC Bank Holding from $35.00 to $20.00 and set a “market perform” rating for the company in a research report 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 price target for the company in a research report on Monday, June 13th. Finally, Zacks Investment Research cut First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. First NBC Bank Holding currently has an average rating of “Hold” and an average target price of $21.75.
The stock has a 50 day moving average of $16.83 and a 200-day moving average of $19.67. The firm has a market capitalization of $225.30 million and a PE ratio of 3.43.
An institutional investor recently raised its position in First NBC Bank Holding stock. Bank of Montreal Can increased its stake in First NBC Bank Holding Co. (NASDAQ:FNBC) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 about 0.20% of First NBC Bank Holding worth $1,453,000 at the end of the most recent 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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