Analysts Are Neutral on These Financial Stocks: FNBC, CIT

By Jason Carr

Analysts fell to the sidelines weighing in on First NBC Bank (NASDAQ: FNBC), CIT Group (NYSE: CIT) and Fifth Third Bancorp (NASDAQ: FITB) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

First NBC Bank (NASDAQ: FNBC)

In a report released yesterday, Melissa Roberts from KBW reiterated a Hold rating on First NBC Bank (NASDAQ: FNBC), with a price target of $8. The company’s shares closed yesterday at $4.05, close to its 52-week low of $3.30.

According to TipRanks.com, Roberts is a 3-star analyst with an average return of 8.1% and a 41.2% success rate. Roberts covers the Financial sector, focusing on stocks such as Fidelity National Financial Ventures, Central Valley Community Bancorp, and Western New England Bancorp Inc.

Currently, the analyst consensus on First NBC Bank is Hold and the average price target is $3.50, representing a -13.6% downside.

In a report issued on March 9, FBR Capital also reiterated a Hold rating on the stock.
CIT Group (NYSE: CIT)

In a report released yesterday, Brian Klock from KBW reiterated a Hold rating on CIT Group (NYSE: CIT), with a price target of $44. The company’s shares closed yesterday at $42.18, close to its 52-week high of $44.10.

According to TipRanks.com, Klock is a 4-star analyst with an average return of 11.1% and a 67.1% success rate. Klock covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, First Bancorp Puerto Rico, and Huntington Bancshares Inc.

Currently, the analyst consensus on CIT Group is Hold and the average price target is $43.40, representing a 2.9% upside.

In a report issued on March 2, Credit Suisse also maintained a Hold rating on the stock with a $45 price target.
Fifth Third Bancorp (NASDAQ: FITB)

KBW analyst Frederick Cannon reiterated a Hold rating on Fifth Third Bancorp (NASDAQ: FITB) yesterday and set a price target of $28. The company’s shares closed yesterday at $26.65.

According to TipRanks.com, Cannon is a 4-star analyst with an average return of 16.7% and a 72.1% success rate. Cannon covers the Financial sector, focusing on stocks such as Pacific Premier Bancorp Inc, Pinnacle Financial Partners, and Pacific Mercantile Bancorp.

Currently, the analyst consensus on Fifth Third Bancorp is Hold and the average price target is $28.33, representing a 6.3% upside.

In a report issued on March 7, Rafferty Capital also downgraded the stock to Hold.

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