First NBC Bank Holding Co. (NASDAQ:FNBC) – Equities research analysts at FIG Partners lowered their Q3 2016 earnings estimates for shares of First NBC Bank Holding in a report issued on Monday. FIG Partners analyst C. Marinac now anticipates that the brokerage will earn $0.38 per share for the quarter, down from their previous estimate of $0.54. FIG Partners also issued estimates for First NBC Bank Holding’s FY2016 earnings at $2.80 EPS and FY2017 earnings at $2.75 EPS.

A number of other equities analysts have also recently commented on FNBC. Hovde Group raised First NBC Bank Holding from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Monday, June 13th. Keefe, Bruyette & Woods lowered their price target on First NBC Bank Holding from $35.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, June 14th. Zacks Investment Research cut First NBC Bank Holding from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. FBR & Co reissued a “market perform” rating on shares of First NBC Bank Holding in a report on Tuesday, September 6th. Finally, TheStreet cut First NBC Bank Holding from a “hold” rating to a “sell” rating in a report on Friday, September 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.50.

Shares of First NBC Bank Holding (NASDAQ:FNBC) traded up 1.64% during trading on Wednesday, reaching $11.14. The company’s stock had a trading volume of 247,248 shares. First NBC Bank Holding has a 12 month low of $9.09 and a 12 month high of $43.52. The company’s 50 day moving average price is $11.57 and its 200 day moving average price is $16.87. The firm’s market cap is $214.23 million.

A number of institutional investors have recently modified their holdings of the company. Springbok Capital Management LLC boosted its position in shares of First NBC Bank Holding by 206.4% in the first quarter. Springbok Capital Management LLC now owns 6,037 shares of the financial services provider’s stock worth $124,000 after buying an additional 4,067 shares during the last quarter. BlackRock Advisors LLC raised its stake in First NBC Bank Holding by 1.2% in the second quarter. BlackRock Advisors LLC now owns 7,721 shares of the financial services provider’s stock worth $130,000 after buying an additional 94 shares during the period. American International Group Inc. raised its stake in First NBC Bank Holding by 0.6% in the second quarter. American International Group Inc. now owns 11,674 shares of the financial services provider’s stock worth $196,000 after buying an additional 74 shares during the period. Wedge Capital Management L L P NC raised its stake in 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 worth $232,000 after buying an additional 1,762 shares during the period. Finally, BlackRock Group LTD raised its stake in First NBC Bank Holding by 8.5% in the second quarter. BlackRock Group LTD now owns 14,664 shares of the financial services provider’s stock worth $246,000 after buying an additional 1,150 shares during the period. 79.53% of the stock is owned by institutional investors and hedge funds.

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.

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