The stock of First NBC Bank Holding Company (NASDAQ:FNBC) is a huge mover today! About 845,604 shares traded hands or 10.98% up from the average. First NBC Bank Holding Company (NASDAQ:FNBC) has declined 72.88% since April 5, 2016 and is downtrending. It has underperformed by 74.84% the S&P500.
The move comes after 7 months positive chart setup for the $120.19 million company. It was reported on Nov, 7 by Barchart.com. We have $9.81 PT which if reached, will make NASDAQ:FNBC worth $68.51M more.
First NBC Bank Holding Company (NASDAQ:FNBC) Ratings Coverage
Out of 6 analysts covering First NBC Bank Holding Company (NASDAQ:FNBC), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. First NBC Bank Holding Company has been the topic of 10 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, September 22 by TheStreet. The stock of First NBC Bank Holding Company (NASDAQ:FNBC) earned “Market Perform” rating by FBR Capital on Thursday, March 31. As per Tuesday, August 23, the company rating was upgraded by Wood. Hovde Group upgraded the stock to “Outperform” rating in Monday, June 13 report. The rating was maintained by FBR Capital with “Mkt Perform” on Monday, October 24. The rating was downgraded by Keefe Bruyette & Woods to “Market Perform” on Friday, November 6. Wood maintained the shares of FNBC in a report on Tuesday, June 14 with “Market Perform” rating. Wood maintained the stock with “Outperform” rating in Tuesday, August 25 report.
According to Zacks Investment Research, “First NBC Bank Holding Company is a bank holding company that conducts its business activities through its subsidiary, First NBC Bank. The company offers personal and commercial banking services to businesses, professionals and individuals. Its services includes checking accounts, savings accounts, money market deposits, negotiable order of withdrawal accounts, sweep accounts, certificates of deposits , business term loans , loans to purchase cars, boats and other recreational vehicles as well as trustee, custodial and escrow services . First NBC Bank Holding Company is headquartered in New Orleans, Louisiana.”
More notable recent First NBC Bank Holding Company (NASDAQ:FNBC) news were published by: Wsj.com which released: “First NBC Bank Weighing Capital Raising or Sale” on November 06, 2016, also Marketwatch.com with their article: “First NBC Bank reports another drop in profit” published on November 02, 2016, Wsj.com published: “Regulators Say First NBC Bank in ‘Troubled Condition'” on October 20, 2016. More interesting news about First NBC Bank Holding Company (NASDAQ:FNBC) were released by: Wsj.com and their article: “First NBC CEO Files to Sell 175000 Shares” published on October 27, 2016 as well as Wsj.com‘s news article titled: “New Orleans’s Premier Bank, First NBC, Runs Into Problems” with publication date: October 17, 2016.
FNBC Company Profile
First NBC Bank Holding Company, incorporated on July 19, 2006, is a bank holding company. The Firm offers a range of financial services through its banking subsidiary, First NBC Bank. The Firm operates through community banking segment. It offers financial services to businesses, institutions and individuals in southeastern Louisiana and the Florida panhandle.
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