The stock of First NBC Bank Holding Company (NASDAQ:FNBC) is a huge mover today! About 567,366 shares traded hands. First NBC Bank Holding Company (NASDAQ:FNBC) has declined 59.51% since April 13, 2016 and is downtrending. It has underperformed by 63.44% the S&P500.
The move comes after 5 months negative chart setup for the $162.38 million company. It was reported on Nov, 15 by Barchart.com. We have $7.21 PT which if reached, will make NASDAQ:FNBC worth $17.86 million less.
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. On Tuesday, September 22 the stock rating was downgraded by TheStreet to “Hold”. The firm has “Outperform” rating by Wood given on Tuesday, August 23. The rating was maintained by Wood with “Market Perform” on Tuesday, June 14. The firm has “Outperform” rating given on Monday, June 13 by Hovde Group. The stock has “Outperform” rating given by Wood on Tuesday, August 25. The rating was initiated by FBR Capital with “Market Perform” on Thursday, March 31. The stock of First NBC Bank Holding Company (NASDAQ:FNBC) has “Mkt Perform” rating given on Monday, October 24 by FBR Capital. On Friday, November 6 the stock rating was downgraded by Keefe Bruyette & Woods to “Market Perform”.
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: “Regulators Say First NBC Bank in ‘Troubled Condition'” on October 20, 2016, also Prnewswire.com with their article: “Clinton Group Issues Letter To Board Of Directors Of First NBC Bank Holding …” published on November 10, 2016, Seekingalpha.com published: “First NBC Bank Holding: Underfollowed And Unloved, But Not Without A Reason” on August 19, 2016. More interesting news about First NBC Bank Holding Company (NASDAQ:FNBC) were released by: Marketwatch.com and their article: “First NBC Bank reports another drop in profit” published on November 02, 2016 as well as Seekingalpha.com‘s news article titled: “First NBC Bank Holding: The 2015 10-K Is Finally Here, But The Disappointments …” with publication date: August 26, 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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