The end of First NBC Bank Holding Co. (NASDAQ:FNBC)’s run?


Shares of First NBC Bank Holding Company (NASDAQ:FNBC) last traded at $0.09. The company?s performance year to date is -98.72%. The 200 day simple moving average is -98.86%. The 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.

LeMaitre Vascular Inc. (NASD:LMAT) will replace First NBC Bank Holding Co. (NASD:FNBC) in the S&P SmallCap 600 effective prior to the open on Wednesday, May 3. First NBC Bank was placed into receivership today and is therefore no longer eligible for continued inclusion in the S&P SmallCap 600.

LeMaitre Vascular designs, markets, sells, services, and supports medical devices and implants for the treatment of peripheral vascular disease. Headquartered in Burlington, MA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.

As per recent filings, First NBC Bank Holding Company (NASDAQ:FNBC) has an insider ownership of 4.30%.

First NBC Bank Holding Company is a bank holding company that conducts its business activities through its subsidiary, First NBC Bank. The company offers personal and commercial banking services to businesses, professionals and individuals. Its services includes checking accounts, savings accounts, money market deposits, negotiable order of withdrawal accounts, sweep accounts, certificates of deposits , business term loans , loans to purchase cars, boats and other recreational vehicles as well as trustee, custodial and escrow services . First NBC Bank Holding Company is headquartered in New Orleans, Louisiana.

First NBC Bank Holding Company (NASDAQ:FNBC) has been storming Wallstreet with solid press release. Recently, the company announced that according to the March 2017 study commissioned by RetailMeNot and conducted by Forrester Consulting, the company’s mobile marketing solutions generate a three-year, risk-adjusted return on investment (ROI) of 4.3x.

The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend. The market is in highly oversold territory. Beware of a trend reversal.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The 5 day EMA 1.39 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 3.73 is also higher than the current trading price depicting a bearish trend overall..

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 11.35 suggesting a bearish price action.

First NBC Bank Holding Company (NASDAQ:FNBC) is all set to announce its earnings on Feb 02/a. As per Zack’s analyst ratings, First NBC Bank Holding Company (NASDAQ:FNBC) currently has an average brokerage rating of 2.33. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:FNBC) is $5.5 with a high of $5.5 and a low of $5.5.

As such, while we believe First NBC Bank Holding Company (NASDAQ:FNBC) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

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