Shares of First NBC Bank Holding Co. (NASDAQ:FNBC) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $11.36 and last traded at $11.63, with a volume of 193,746 shares changing hands. The stock had previously closed at $11.97.

Several brokerages recently issued reports on FNBC. Keefe, Bruyette & Woods cut their target price on shares of First NBC Bank Holding from $35.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, June 14th. Hovde Group upgraded shares of First NBC Bank Holding from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Monday, June 13th. Finally, Zacks Investment Research lowered shares of First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.75.

The stock has a market capitalization of $231.21 million and a price-to-earnings ratio of 3.52. The firm has a 50-day moving average price of $16.97 and a 200-day moving average price of $19.88.

An institutional investor recently raised its position in First NBC Bank Holding stock. Bank of Montreal Can boosted its stake in shares of First NBC Bank Holding Co. (NASDAQ:FNBC) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 approximately 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.

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