Shares of FCB Financial Holdings, Inc. (NYSE:FCB) have been given an average recommendation of “Hold” by the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $53.50.
Several research analysts recently weighed in on FCB shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 target price on shares of FCB Financial Holdings in a research note on Thursday, July 27th. BidaskClub cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 target price on shares of FCB Financial Holdings in a research note on Friday. Zacks Investment Research cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, ValuEngine raised FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th.
FCB Financial Holdings (FCB) traded up 2.09% on Tuesday, hitting $41.45. The stock had a trading volume of 254,201 shares. The company has a market cap of $1.80 billion, a PE ratio of 14.45 and a beta of 1.31. The stock has a 50-day moving average of $44.87 and a 200-day moving average of $47.03. FCB Financial Holdings has a one year low of $35.55 and a one year high of $50.33.
FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The company had revenue of $83 million during the quarter, compared to analysts’ expectations of $83.47 million. During the same quarter in the prior year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts expect that FCB Financial Holdings will post $2.80 earnings per share for the current fiscal year.
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In other news, CEO Kent S. Ellert sold 20,160 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.19, for a total transaction of $951,350.40. Following the completion of the sale, the chief executive officer now directly owns 150,366 shares of the company’s stock, valued at $7,095,771.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stuart I. Oran sold 15,151 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $41.45, for a total value of $628,008.95. Following the sale, the insider now directly owns 12,255 shares of the company’s stock, valued at $507,969.75. The disclosure for this sale can be found here. Insiders have sold 722,871 shares of company stock valued at $33,237,263 in the last ninety days. Company insiders own 15.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in FCB. Tower Research Capital LLC TRC purchased a new stake in shares of FCB Financial Holdings during the second quarter valued at $109,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of FCB Financial Holdings during the first quarter valued at $117,000. Ameritas Investment Partners Inc. purchased a new stake in shares of FCB Financial Holdings during the first quarter valued at $128,000. M&R Capital Management Inc. lifted its holdings in shares of FCB Financial Holdings by 600.0% during the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock valued at $152,000 after purchasing an additional 3,000 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of FCB Financial Holdings by 23.6% during the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock valued at $168,000 after purchasing an additional 649 shares during the last quarter. 93.76% of the stock is owned by institutional investors and hedge funds.
FCB Financial Holdings Company Profile
FCB Financial Holdings, Inc is a bank holding company with a national bank subsidiary, Florida Community Bank, National Association (the Bank). The Company operates in the Community Banking segment. Through the Bank, the Company provides a range of retail and commercial banking services. As of December 31, 2016, the Company provided a range of financial products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through 46 branches in south and central Florida.
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