First NBC Bank Holding Co. (FNBC) Shares Down 4.7%
First NBC Bank Holding Co. (NASDAQ:FNBC)’s share price dropped 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 changing hands. The stock had previously closed at $13.73.
Several research firms recently commented on FNBC. Zacks Investment Research downgraded First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a report on Monday, May 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of First NBC Bank Holding in a report on Wednesday, June 15th. Finally, Hovde Group upgraded 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 report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.75.
The firm has a market capitalization of $246.86 million and a P/E ratio of 3.76. The company has a 50 day moving average of $16.18 and a 200-day moving average of $19.16.
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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