- Dilution from an impending capital raise has been priced in, says FBR's Chris Nolan, noting a 40% decline in First NBC (OTC:FNBC) since Dec. 14 when he downgraded to Underperform and put the stock on his firm's Alpha Generator list.
- The upgrade is just to Market Perform. There is the potential for the bank to successfully recapitalize, but the outlook is uncertain, he says.
- Source: Bloomberg
FBR pulls sell recommendation for First NBC
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| Symbol | Last Price | % Chg |
|---|---|---|
| FNBCQ | - | - |
| First NBC Bank Holding Company | ||