First NBC Bank Holding Co. (FNBC) Sees Strong Trading Volume
Shares of First NBC Bank Holding Co. (NASDAQ:FNBC) saw unusually-high trading volume on Wednesday . Approximately 514,176 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 451,625 shares.The stock last traded at $13.00 and had previously closed at $13.15.
FNBC has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating on shares of First NBC Bank Holding in a report on Wednesday, June 15th. Zacks Investment Research downgraded First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a report on Monday, May 23rd. Finally, Hovde Group raised 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. First NBC Bank Holding presently has a consensus rating of “Hold” and a consensus target price of $22.75.
The firm has a market cap of $254.49 million and a PE ratio of 3.88. The stock’s 50-day moving average price is $16.54 and its 200 day moving average price is $19.49.
An institutional investor recently raised its position in First NBC Bank Holding stock. Bank of Montreal Can boosted 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 0.20% of First NBC Bank Holding worth $1,453,000 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.
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