Trading Report: Today, First NBC Bank Holding Co. (FNBC) Forecasted to Post FY2016 Earnings of $2.62 Per Share

Today, First NBC Bank Holding Co. (FNBC) Forecasted to Post FY2016 Earnings of $2.62 Per Share

First NBC Bank Holding Co. (NASDAQ:FNBC) – Research analysts at FBR & Co upped their FY2016 earnings estimates for First NBC Bank Holding in a report released on Monday. FBR & Co analyst C. Nolan now forecasts that the firm will earn $2.62 per share for the year, up from their prior estimate of $2.10. FBR & Co has a “Hold” rating on the stock. FBR & Co also issued estimates for First NBC Bank Holding’s Q1 2017 earnings at $0.17 EPS, Q2 2017 earnings at $0.93 EPS and Q3 2017 earnings at $0.63 EPS.

FNBC has been the topic of a number of other reports. TheStreet cut First NBC Bank Holding from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. Hovde Group raised 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 note on Monday, June 13th. Zacks Investment Research lowered First NBC Bank Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Finally, Keefe, Bruyette & Woods raised 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 note on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.50.

First NBC Bank Holding (NASDAQ:FNBC) opened at 10.88 on Wednesday. The firm’s market capitalization is $209.23 million. The company’s 50-day moving average price is $11.51 and its 200-day moving average price is $16.79. First NBC Bank Holding has a 12-month low of $9.09 and a 12-month high of $43.52.

A number of institutional investors have recently bought and sold shares of the company. Springbok Capital Management LLC raised its position in 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 in the last quarter. BlackRock Advisors LLC raised its position 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 in the last quarter. American International Group Inc. raised its position 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 in the last quarter. Wedge Capital Management L L P NC raised its position 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 in the last quarter. Finally, BlackRock Group LTD raised its position 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 in the last quarter. 79.53% of the stock is currently owned by institutional investors.

First NBC Bank Holding Company Profile

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