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Analysts at Sandler O’Neill lowered their target price on shares of First NBC Bank Holding Company (NASDAQ:NBCB) from $40.00 to $38.00 in a research report issued to clients and investors on Tuesday. Sandler O’Neill’s price target suggests a potential upside of 19.87% from the company’s current price.

NBCB has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of First NBC Bank Holding Company from an “outperform” rating to a “market perform” rating in a research note on Monday. They now have a $35.00 price target on the stock, down previously from $36.00. Separately, analysts at Keefe, Bruyette & Woods downgraded shares of First NBC Bank Holding Company from an “outperform” rating to a “market perform” rating in a research note on Monday. They now have a $35.00 price target on the stock, down previously from $36.00. Finally, analysts at Citigroup Inc. downgraded shares of First NBC Bank Holding Company from a “buy” rating to a “neutral” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $36.00.

First NBC Bank Holding Company (NASDAQ:NBCB) traded down 3.00% on Tuesday, hitting $30.75. The stock had a trading volume of 167,896 shares. First NBC Bank Holding Company has a 52-week low of $23.02 and a 52-week high of $35.83. The stock’s 50-day moving average is $32.49 and its 200-day moving average is $32.37. The company has a market cap of $569.5 million and a P/E ratio of 13.19.

First NBC Bank Holding Company (NASDAQ:NBCB) last posted its quarterly 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. On average, analysts predict that First NBC Bank Holding Company will post $2.67 earnings per share for the current fiscal year.

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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