Price Action Don’t Lie: First NBC Bank Holding Company on Focus After Trading At All-Time Lows

Price Action Don't Lie: First NBC Bank Holding Company on Focus After Trading At All Time Lows

The stock of First NBC Bank Holding Company (NASDAQ:FNBC) reached all time low today, Sep, 30 and still has $8.14 target or 14.00% below today’s $9.46 share price. This indicates more downside for the $176.75 million company. This technical setup was reported by Barchart.com. If the $8.14 PT is reached, the company will be worth $24.75M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 334,162 shares traded hands. First NBC Bank Holding Company (NASDAQ:FNBC) has declined 62.24% since February 26, 2016 and is downtrending. It has underperformed by 72.66% the S&P500.

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 9 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, August 25 by Wood. As per Tuesday, June 14, the company rating was maintained by Wood. The stock has “Market Perform” rating given by Keefe Bruyette & Woods on Friday, November 6. Hovde Group upgraded the stock to “Outperform” rating in Monday, June 13 report. TheStreet downgraded the shares of FNBC in a report on Tuesday, September 22 to “Hold” rating. As per Tuesday, August 23, the company rating was upgraded by Wood. FBR Capital initiated the stock with “Market Perform” rating in Thursday, March 31 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: Seekingalpha.com which released: “First NBC Bank Holding: The 2015 10-K Is Finally Here, But The Disappointments …” on August 26, 2016, also Seekingalpha.com with their article: “First NBC Bank Holding: Underfollowed And Unloved, But Not Without A Reason” published on August 19, 2016, Globenewswire.com published: “First NBC Bank Holding Company Announces 2015 Fourth Quarter Results” on February 02, 2016. More interesting news about First NBC Bank Holding Company (NASDAQ:FNBC) were released by: Streetinsider.com and their article: “First NBC Bank Holding (FNBC) Says FT15 Report Will be Delayed; Receives …” published on August 15, 2016 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of …” with publication date: May 06, 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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