First NBC Bank Holding Co. (FNBC) Trading 8% Higher
First NBC Bank Holding Co. (NASDAQ:FNBC) shares traded up 8% on Tuesday . The company traded as high as $13.60 and last traded at $12.75, with a volume of 594,894 shares changing hands. The stock had previously closed at $11.81.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of 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 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. Finally, 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. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. First NBC Bank Holding currently has a consensus rating of “Hold” and an average price target of $22.75.
The stock has a market capitalization of $250.86 million and a PE ratio of 3.82. The company’s 50-day moving average price is $16.83 and its 200-day moving average price is $19.67.
An institutional investor recently raised its position in First NBC Bank Holding stock. Schwab Charles Investment Management Inc. boosted its stake in First NBC Bank Holding Co. (NASDAQ:FNBC) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,035 shares of the financial services provider’s stock after buying an additional 1,697 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.26% of First NBC Bank Holding worth $1,834,000 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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