Notable Runner: Time to Buy First NBC Bank Holding Company After Today’s Significant Increase?

Notable Runner: Time to Buy First NBC Bank Holding Company After Today's Significant Increase?

The stock of First NBC Bank Holding Company (NASDAQ:FNBC) is a huge mover today! About 152,131 shares traded hands. First NBC Bank Holding Company (NASDAQ:FNBC) has declined 56.80% since March 15, 2016 and is downtrending. It has underperformed by 62.28% the S&P500.
The move comes after 9 months positive chart setup for the $211.23M company. It was reported on Oct, 18 by Barchart.com. We have $15.16 PT which if reached, will make NASDAQ:FNBC worth $76.04 million 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 9 analyst reports since August 25, 2015 according to StockzIntelligence Inc. As per Tuesday, August 25, the company rating was maintained by Wood. FBR Capital initiated the stock with “Market Perform” rating in Thursday, March 31 report. The stock has “Market Perform” rating given by Wood on Tuesday, June 14. The stock of First NBC Bank Holding Company (NASDAQ:FNBC) earned “Market Perform” rating by Keefe Bruyette & Woods on Friday, November 6. The firm has “Hold” rating given on Tuesday, September 22 by TheStreet. As per Tuesday, August 23, the company rating was upgraded by Wood. Hovde Group upgraded First NBC Bank Holding Company (NASDAQ:FNBC) on Monday, June 13 to “Outperform” rating.

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: “New Orleans’s Premier Bank, First NBC, Runs Into Problems” on October 17, 2016, also Seekingalpha.com with their article: “First NBC Bank Holding: Underfollowed And Unloved, But Not Without A Reason” published on August 19, 2016, Seekingalpha.com published: “First NBC Bank Holding: The 2015 10-K Is Finally Here, But The Disappointments …” on August 26, 2016. More interesting news about First NBC Bank Holding Company (NASDAQ:FNBC) were released by: Globenewswire.com and their article: “First NBC Announces Delay in Filing Reports” published on September 23, 2016 as well as Globenewswire.com‘s news article titled: “First NBC Bank Holding Company Announces 2015 Fourth Quarter Results” with publication date: February 02, 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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