FBR & Co reiterated their hold rating on shares of First NBC Bank Holding Co. (NASDAQ:FNBC) in a research report report published on Monday.

A number of other brokerages have also recently issued reports on FNBC. Zacks Investment Research cut First NBC Bank Holding from a strong-buy rating to a hold rating in a report 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 report on Tuesday, June 14th. Hovde Group raised 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 report on Monday, June 13th. Finally, TheStreet cut First NBC Bank Holding from a hold rating to a sell rating in a report on Friday, September 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $20.50.

Shares of First NBC Bank Holding (NASDAQ:FNBC) opened at 10.50 on Monday. The stock’s market capitalization is $201.93 million. The stock’s 50 day moving average price is $12.73 and its 200 day moving average price is $17.74. First NBC Bank Holding has a one year low of $10.47 and a one year high of $43.52.

Several large investors have recently added to or reduced their stakes in the stock. Springbok Capital Management LLC boosted its stake in First NBC Bank Holding by 206.4% in the first quarter. Springbok Capital Management LLC now owns 6,037 shares of the financial services provider’s stock valued at $124,000 after buying an additional 4,067 shares during the period. BlackRock Advisors LLC boosted its stake in First NBC Bank Holding by 1.2% in the second quarter. BlackRock Advisors LLC now owns 7,721 shares of the financial services provider’s stock valued at $130,000 after buying an additional 94 shares during the period. American International Group Inc. boosted its stake in First NBC Bank Holding by 0.6% in the second quarter. American International Group Inc. now owns 11,674 shares of the financial services provider’s stock valued at $196,000 after buying an additional 74 shares during the period. Wedge Capital Management L L P NC boosted its stake in First NBC Bank Holding by 14.6% in the second quarter. Wedge Capital Management L L P NC now owns 13,845 shares of the financial services provider’s stock valued at $232,000 after buying an additional 1,762 shares during the period. Finally, BlackRock Group LTD boosted its stake in First NBC Bank Holding by 8.5% in the second quarter. BlackRock Group LTD now owns 14,664 shares of the financial services provider’s stock valued at $246,000 after buying an additional 1,150 shares during the period. 79.53% of the stock is owned by institutional investors.

About First NBC Bank Holding

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.

5 Day Chart for NASDAQ:FNBC

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