Equities research analysts predict that First NBC Bank Holding Company (NASDAQ:FNBC) will announce $31.6 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for First NBC Bank Holding Company’s earnings. The lowest sales estimate is $29.2 million and the highest is $34 million. First NBC Bank Holding Company reported sales of $35.69 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 11.5%. The company is expected to announce its next quarterly earnings report on Friday, September 29th.

According to Zacks, analysts expect that First NBC Bank Holding Company will report full year sales of $31.6 million for the current financial year, with estimates ranging from $142.4 million to $147.5 million. For the next financial year, analysts forecast that the business will post sales of $114.45 million per share, with estimates ranging from $114.1 million to $114.8 million. Zacks’ sales averages are an average based on a survey of research firms that cover First NBC Bank Holding Company.

Several equities research analysts have commented on FNBC shares. Zacks Investment Research cut First NBC Bank Holding Company from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. FBR & Co upgraded First NBC Bank Holding Company from an “underperform” rating to a “market perform” rating and set a $5.00 target price on the stock in a research note on Thursday, January 19th. Keefe, Bruyette & Woods set a $8.00 target price on First NBC Bank Holding Company and gave the company a “hold” rating in a research note on Thursday, March 16th. Finally, FIG Partners cut First NBC Bank Holding Company from an “outperform” rating to a “market perform” rating and cut their target price for the company from $5.50 to $3.00 in a research note on Monday, February 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $8.63.

First NBC Bank Holding Company (NASDAQ:FNBC) remained flat at $3.45 during mid-day trading on Friday. 210,655 shares of the stock were exchanged. First NBC Bank Holding Company has a 12 month low of $3.20 and a 12 month high of $22.38. The firm has a 50 day moving average price of $4.02 and a 200-day moving average price of $6.17. The company’s market capitalization is $66.34 million.

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Large investors have recently made changes to their positions in the company. Comerica Bank boosted its stake in shares of First NBC Bank Holding Company by 5.6% in the fourth quarter. Comerica Bank now owns 16,860 shares of the financial services provider’s stock worth $104,000 after buying an additional 898 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of First NBC Bank Holding Company by 13.9% in the fourth quarter. Teachers Advisors LLC now owns 30,404 shares of the financial services provider’s stock worth $222,000 after buying an additional 3,704 shares in the last quarter. Cutler Capital Management LLC boosted its stake in shares of First NBC Bank Holding Company by 34.3% in the first quarter. Cutler Capital Management LLC now owns 28,200 shares of the financial services provider’s stock worth $113,000 after buying an additional 7,200 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of First NBC Bank Holding Company during the third quarter worth about $113,000. Finally, KBC Group NV bought a new stake in shares of First NBC Bank Holding Company during the third quarter worth about $167,000. Institutional investors own 73.91% of the company’s stock.

First NBC Bank Holding Company Company Profile

First NBC Bank Holding Company is a bank holding company. The Company offers a range of financial services through its banking subsidiary, First NBC Bank. The Company 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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