FBR Capital Reiterates a Hold Rating on First NBC BankBy Carrie Williams
In a report released today, Christopher Nolan from FBR Capital reiterated a Hold rating on First NBC Bank (NASDAQ: FNBC). The company’s shares opened today at $4.45, close to its 52-week low of $3.30.
According to TipRanks.com, Nolan is a 4-star analyst with an average return of 7.1% and a 61.9% success rate. Nolan covers the Financial sector, focusing on stocks such as Pennantpark Investment Corp, Atlantic Capital Bancshares, and Raymond James Financial.
First NBC Bank has an analyst consensus of Hold, with a price target consensus of $8.
First NBC Bank’s market cap is currently $85.58M and has a P/E ratio of 1.43. The company has a book value ratio of 0.2331.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FNBC in relation to earlier this year. Most recently, in May 2016, Blake Jones, a Director at FNBC bought 10,000 shares for a total of $100,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
First NBC Bank Holding Co. engages in the provision of financial services through its subsidiary, First NBC Bank. It includes mortgage loans, commercial banking, and personal banking services. The company was founded in 2007 and is headquartered in New Orleans, LA.