First NBC Bank Holding Co. (FNBC) Trading Up 8%
First NBC Bank Holding Co. (NASDAQ:FNBC) was up 8% during mid-day trading on Tuesday . The stock traded as high as $13.60 and last traded at $12.75, with a volume of 594,894 shares traded. The stock had previously closed at $11.81.
Several equities research analysts recently issued reports on FNBC shares. Keefe, Bruyette & Woods upgraded shares of First NBC Bank Holding from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $22.00 to $24.00 in a report on Tuesday. Zacks Investment Research downgraded shares of First NBC Bank Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Finally, Hovde Group upgraded shares of 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 research report on Monday, June 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $22.75.
The firm has a market cap of $251.82 million and a price-to-earnings ratio of 3.84. The firm has a 50-day moving average of $16.64 and a 200-day moving average of $19.53.
A hedge fund recently raised its stake in First NBC Bank Holding stock. Schwab Charles Investment Management Inc. boosted its stake in First NBC Bank Holding Co. (NASDAQ:FNBC) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 0.26% of First NBC Bank Holding worth $1,834,000 as of its most recent filing with the SEC.
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.