Brokerage firm Hovde Group Upgrades its rating on First NBC Bank Holding Company(NASDAQ:FNBC). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Hovde Group was issued on Jun 13, 2016.
In a different note, FBR Capital said it Initiates Coverage on First NBC Bank Holding Company, according to a research note issued on Mar 31, 2016. The shares have been rated ‘Market Perform’ by the firm.
First NBC Bank Holding Company (FNBC) shares turned negative on Fridays trading session with the shares closing down -0.09 points or -0.53% at a volume of 4,77,424. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.29. The peak price level was also seen at $17.29 while the days lowest was $16.76. Finally the shares closed at $16.98. The 52-week high of the shares is $43.52 while the 52-week low is $16.31. According to the latest information available, the market cap of the company is $324 M.
Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, John F. French (director) purchased 2,000 shares at $25.20 per share price.Also, On Mar 13, 2015, Marsha S. Crowle (SEVP/CHIEF COMPLIANCE OFFICER) sold 3,500 shares at $32.29 per share price.
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. 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 Company’s 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.