First NBC Bank Holding Company Downgraded to “Neutral” at Citigroup Inc. (NBCB)
First NBC Bank Holding Company (NASDAQ:NBCB) was downgraded by Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
First NBC Bank Holding Company (NASDAQ:NBCB) opened at 34.52 on Friday. First NBC Bank Holding Company has a 1-year low of $23.02 and a 1-year high of $35.83. The stock has a 50-day moving average of $32.55 and a 200-day moving average of $32.25. The company has a market cap of $639.3 million and a P/E ratio of 14.14.
First NBC Bank Holding Company (NASDAQ:NBCB) last announced its earnings results on Friday, May 2nd. The company reported $0.66 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.66. Analysts expect that First NBC Bank Holding Company will post $2.80 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee downgraded shares of First NBC Bank Holding Company from a “buy” rating to a “neutral” rating in a research note on Friday. Separately, analysts at Sandler O’Neill reiterated a “buy” rating on shares of First NBC Bank Holding Company in a research note on Friday, May 23rd. Finally, analysts at Zacks upgraded shares of First NBC Bank Holding Company from a “neutral” rating to an “outperform” rating in a research note on Monday, April 21st. They now have a $36.30 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $34.15.
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 (NASDAQ:NBCB), a Louisiana state non-member bank, to businesses, institutions, and individuals in southeastern Louisiana and the Mississippi Gulf Coast.
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