First NBC Bank Holding Co. (FNBC) Sees Large Volume Increase
First NBC Bank Holding Co. (NASDAQ:FNBC) shares saw unusually-high trading volume on Wednesday . Approximately 514,176 shares traded hands during mid-day trading, an increase of 14% from the previous session’s volume of 451,625 shares.The stock last traded at $13.00 and had previously closed at $13.15.
FNBC has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued a “hold” rating on shares of First NBC Bank Holding in a research note on Wednesday, June 15th. Zacks Investment Research downgraded shares of First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 23rd. Finally, Hovde Group raised shares of 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $22.75.
The stock has a market cap of $251.82 million and a PE ratio of 3.84. The stock has a 50 day moving average of $16.73 and a 200-day moving average of $19.58.
An institutional investor recently raised its position in First NBC Bank Holding stock. Bank of Montreal Can boosted its position in shares of First NBC Bank Holding Co. (NASDAQ:FNBC) by 28.7% during the fourth quarter, according to its most recent 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 about 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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