First NBC Bank Holding Co. (NASDAQ:FNBC) shares traded down 4.7% on Monday . The stock traded as low as $13.00 and last traded at $13.08, with a volume of 349,622 shares. The stock had previously closed at $13.73.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 23rd. Keefe, Bruyette & Woods dropped 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 note on Tuesday, June 14th. Finally, 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 note on Monday, June 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. First NBC Bank Holding currently has an average rating of “Hold” and an average target price of $22.75.

The company’s 50-day moving average price is $16.46 and its 200-day moving average price is $19.41. The stock has a market capitalization of $245.71 million and a PE ratio of 3.74.

A hedge fund recently raised its stake in First NBC Bank Holding stock. Schwab Charles Investment Management Inc. raised its position in shares of First NBC Bank Holding Co. (NASDAQ:FNBC) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 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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