First NBC Bank Holding Co. (NASDAQ:FNBC)‘s stock had its “hold” rating reissued by equities research analysts at FBR & Co in a research report issued to clients and investors on Monday.

A number of other research analysts also recently commented on FNBC. Zacks Investment Research downgraded First NBC Bank Holding from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 23rd. Hovde Group upgraded First NBC Bank Holding from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Monday, June 13th. Keefe, Bruyette & Woods lowered their target price on First NBC Bank Holding from $35.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, June 14th. Finally, TheStreet downgraded First NBC Bank Holding from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.50.

Shares of First NBC Bank Holding (NASDAQ:FNBC) traded down 3.37% on Monday, hitting $10.62. The stock had a trading volume of 359,001 shares. The firm’s 50-day moving average is $14.21 and its 200 day moving average is $18.35. First NBC Bank Holding has a 1-year low of $10.59 and a 1-year high of $43.52. The stock’s market cap is $204.23 million.

Several hedge funds have recently added to or reduced their stakes in FNBC. Prudential Financial Inc. increased its stake in First NBC Bank Holding by 21.9% in the first quarter. Prudential Financial Inc. now owns 346,197 shares of the financial services provider’s stock valued at $7,128,000 after buying an additional 62,260 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in First NBC Bank Holding by 8.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 345,901 shares of the financial services provider’s stock valued at $7,122,000 after buying an additional 26,097 shares during the period. Columbia Partners L L C Investment Management increased its stake in First NBC Bank Holding by 12.3% in the first quarter. Columbia Partners L L C Investment Management now owns 72,221 shares of the financial services provider’s stock valued at $1,487,000 after buying an additional 7,920 shares during the period. JPMorgan Chase & Co. increased its stake in First NBC Bank Holding by 65.3% in the first quarter. JPMorgan Chase & Co. now owns 310,725 shares of the financial services provider’s stock valued at $6,398,000 after buying an additional 122,750 shares during the period. Finally, BB&T Securities LLC bought a new stake in First NBC Bank Holding during the first quarter valued at about $380,000. Institutional investors own 79.53% of the company’s stock.

About First NBC Bank Holding

First NBC Bank Holding Company is a bank holding company. The Company offers a range of financial services through its wholly owned banking subsidiary, First NBC Bank. It serves its customers located in the Central Business District of New Orleans and the Mississippi Gulf Coast. The Company’s primary focus is on commercial real estate and commercial lending.

5 Day Chart for NASDAQ:FNBC

Receive News & Ratings for First NBC Bank Holding Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First NBC Bank Holding Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.