U.S. Markets closed

First NBC Bank Holding Company (NBCB) Crumbles: StockFalls by 7.2%

Zacks Equity Research

First NBC Bank Holding Company (NBCB) saw a big move last session, as the company’s shares fell by over 7% on Friday. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for NBCB, as the stock is now up 3% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as First NBC Bank Holding Company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

NBCB currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked southeast bank stocks include Capital City Bank Group Inc. (CCBG), Customers Bancorp, Inc. (CUBI) and Middleburg Financial Corporation (MBRG). All these stocks hold a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

FIRST NBC BANK HOLDING CO (NBCB): Free Stock Analysis Report

Zacks Investment Research