First NBC Bank Holding Co. (NASDAQ:FNBC) – Stock analysts at FIG Partners reduced their FY2016 earnings per share (EPS) estimates for First NBC Bank Holding in a research report issued on Friday. FIG Partners analyst C. Marinac now forecasts that the firm will earn $2.19 per share for the year, down from their previous forecast of $2.25. FIG Partners also issued estimates for First NBC Bank Holding’s Q4 2016 earnings at $0.45 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.24 EPS and FY2018 earnings at $0.90 EPS.

Earnings History and Estimates for First NBC Bank Holding (NASDAQ:FNBC)

Several other analysts also recently weighed in on FNBC. TheStreet downgraded shares of First NBC Bank Holding from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Keefe, Bruyette & Woods lowered their price target on shares of First NBC Bank Holding from $20.00 to $15.00 and set a “market perform” rating for the company in a research note on Monday, September 12th. FBR & Co reissued a “hold” rating on shares of First NBC Bank Holding in a research note on Monday, September 19th. Finally, Zacks Investment Research downgraded shares of First NBC Bank Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. First NBC Bank Holding has a consensus rating of “Hold” and a consensus target price of $18.13.

Shares of First NBC Bank Holding (NASDAQ:FNBC) opened at 6.30 on Monday. First NBC Bank Holding has a 52 week low of $4.85 and a 52 week high of $43.52. The company’s market capitalization is $121.15 million. The company has a 50 day moving average price of $8.24 and a 200 day moving average price of $13.96.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its position in First NBC Bank Holding by 6.5% in the third quarter. BlackRock Fund Advisors now owns 1,112,604 shares of the financial services provider’s stock worth $10,503,000 after buying an additional 68,264 shares during the last quarter. Vanguard Group Inc. boosted its position in First NBC Bank Holding by 20.3% in the second quarter. Vanguard Group Inc. now owns 950,930 shares of the financial services provider’s stock worth $15,967,000 after buying an additional 160,456 shares during the last quarter. Ameriprise Financial Inc. boosted its position in First NBC Bank Holding by 38.3% in the third quarter. Ameriprise Financial Inc. now owns 843,660 shares of the financial services provider’s stock worth $7,964,000 after buying an additional 233,658 shares during the last quarter. Banc Funds Co. LLC boosted its position in First NBC Bank Holding by 0.7% in the second quarter. Banc Funds Co. LLC now owns 718,583 shares of the financial services provider’s stock worth $12,065,000 after buying an additional 5,000 shares during the last quarter. Finally, Numeric Investors LLC boosted its position in First NBC Bank Holding by 77.6% in the second quarter. Numeric Investors LLC now owns 669,085 shares of the financial services provider’s stock worth $11,234,000 after buying an additional 292,256 shares during the last quarter. Hedge funds and other institutional investors own 77.50% 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

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