Financial stocks listed on the New York Stock Exchange or NASDAQ have gotten some tailwinds from First NBC Bank Holding Company (FNBC), as one of the best performers in the sector during morning trading on September 23. At the lunch break, shares of FNBC have advanced 5.24% to $11.05 after closing the day prior at $10.5. In morning action, the stock has moved as high as $11.14 and as low as $10.49. Today’s rise has come with about 221,368 shares changing hands, compared to an average 30-day volume of 530,226 for First NBC Bank Holding Company. The price is currently below the 30-day volume weighted average price of $10.86 for FNBC.
The share appreciation gives the company a market capitalization of $201.93 million based upon 19.23 million shares outstanding. It also means that FNBC has a price-to-book ratio of 0.59:1.
In the past 52 weeks, shares of FNBC have traded as low as $10.47 and as high as $43.52. Technical traders will take note that at $11.05, shares of FNBC are trading below their 200-day MA at $21.68 and below their 50-day MA at $14.6. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is FNBC?
First NBC Bank Holding Co is a bank holding company. The Company offers financial services through its subsidiary to businesses, institutions, and individuals in southeastern Louisiana and the Mississippi Gulf Coast. The company’s 565 employees are led by CEO Ashton J. Ryan from the corporate headquarters at 210 Baronne Street in New Orleans, LA.
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