The stock of First NBC Bank Holding Company (NASDAQ:FNBC) hit a new 52-week low and has $8.51 target or 10.00% below today’s $9.46 share price. The 6 months bearish chart indicates high risk for the $176.75 million company. The 1-year low was reported on Sep, 30 by Barchart.com. If the $8.51 price target is reached, the company will be worth $17.68M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 234,992 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 rating was maintained by Wood on Tuesday, June 14 with “Market Perform”. The firm earned “Outperform” rating on Monday, June 13 by Hovde Group. The company was downgraded on Tuesday, September 22 by TheStreet. As per Thursday, March 31, the company rating was initiated by FBR Capital. The rating was maintained by Wood on Tuesday, August 25 with “Outperform”. The stock has “Market Perform” rating given by Keefe Bruyette & Woods on Friday, November 6. The stock of First NBC Bank Holding Company (NASDAQ:FNBC) has “Outperform” rating given on Tuesday, August 23 by Wood.
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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