First NBC Bank Holding Co. (FNBC) Trading Down 8.8%
First NBC Bank Holding Co. (NASDAQ:FNBC) dropped 8.8% during trading on Monday . The stock traded as low as $12.25 and last traded at $12.35, with a volume of 429,445 shares trading hands. The stock had previously closed at $13.54.
FNBC has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated a “hold” rating on shares of First NBC Bank Holding in a research report on Wednesday, June 15th. Zacks Investment Research lowered First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 23rd. Finally, Hovde Group upgraded First NBC Bank Holding from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.75.
The stock has a market cap of $233.12 million and a price-to-earnings ratio of 3.55. The stock has a 50-day moving average of $17.34 and a 200 day moving average of $20.13.
An institutional investor recently raised its position in First NBC Bank Holding stock. Bank of Montreal Can increased its stake in 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. 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 as of its most recent SEC filing.
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.