First NBC Bank Holding Company (FNBC) : During the past 4 weeks, traders have been relatively bearish on First NBC Bank Holding Company (FNBC), hence the stock is down -32.86% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -11.84% relative to the S&P 500. The 4-week change in the price of the stock is -32.16% and the stock has fallen -11.79% in the past 1 week.
The stock has recorded a 20-day Moving Average of 24.66% and the 50-Day Moving Average is 22.97%. First NBC Bank Holding Company (NASDAQ:FNBC): On Fridays trading session , Opening price of the stock was $15.59 with an intraday high of $15.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.954. However, the stock managed to close at $13.54, a loss of 14.03% for the day. On the previous day, the stock had closed at $15.75. The total traded volume of the day was 1,100,755 shares.
The company Insiders own 8.22% of First NBC Bank Holding Company shares according to the proxy statements. Institutional Investors own 83.54% of First NBC Bank Holding Company shares. During last six month period, the net percent change held by insiders has seen a change of -19.83%. Also, Equity Analysts at the Brokerage Firm, Keefe Bruyette & Woods, maintains their rating on the shares of First NBC Bank Holding Company (NASDAQ:FNBC). Keefe Bruyette & Woods has a Market Perform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $20 per share from a prior target of $35. The rating by the firm was issued on June 14, 2016.
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 Companys primary focus is on commercial real estate and commercial lending. Its loans include construction, commercial real estate, consumer real estate, commercial and industrial, and consumer. The securities portfolio consists primarily of the United States Government agency obligations, mortgage-backed securities, and municipal securities, although the Company also holds corporate bonds. Its securities consist of investment securities available for sale and investment securities held to maturity. The Companys primary source of funding for its loans is deposits, which include noninterest-bearing demand, NOW accounts, money market accounts, savings deposits and certificates of deposit.