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First NBC Bank Holding Co. (NASDAQ:FNBC)‘s stock had its “market perform” rating reiterated by analysts at FBR & Co in a note issued to investors on Tuesday.
A number of institutional investors have recently modified their holdings of FNBC. Wedge Capital Management L L P NC boosted its position in shares of First NBC Bank Holding by 14.6% in the second quarter. Wedge Capital Management L L P NC now owns 13,845 shares of the financial services provider’s stock valued at $232,000 after buying an additional 1,762 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of First NBC Bank Holding during the second quarter valued at approximately $1,960,000. Chicago Equity Partners LLC boosted its position in shares of First NBC Bank Holding by 117.3% in the second quarter. Chicago Equity Partners LLC now owns 52,600 shares of the financial services provider’s stock valued at $883,000 after buying an additional 28,394 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in shares of First NBC Bank Holding during the second quarter valued at approximately $1,341,000. Finally, American Century Companies Inc. boosted its position in shares of First NBC Bank Holding by 16.2% in the second quarter. American Century Companies Inc. now owns 222,932 shares of the financial services provider’s stock valued at $3,743,000 after buying an additional 31,104 shares in the last quarter.
First NBC Bank Holding (NASDAQ:FNBC) traded down 7.39% during trading on Tuesday, hitting $11.90. 468,262 shares of the stock traded hands. The company has a 50-day moving average price of $15.65 and a 200-day moving average price of $19.03. First NBC Bank Holding has a 12 month low of $11.36 and a 12 month high of $43.52. The stock’s market cap is $228.85 million.

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Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of First NBC Bank Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Keefe, Bruyette & Woods raised shares of First NBC Bank Holding from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $22.00 to $24.00 in a research report on Tuesday, August 23rd. Finally, Hovde Group raised shares of First NBC Bank Holding from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Monday, June 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.75.
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.
To view FBR & Co’s full report, visit FBR & Co’s official website.

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