FCB Financial Holdings Inc. (NYSE:FCB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “FCB Financial Holdings Inc. is a bank holding company for Florida Community Bank. The Company, through its subsidiaries, operates community banks in Florida, United States. The Bank offers a comprehensive range of traditional banking products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities. FCB Financial Holdings Inc. is headquartered in Weston, Florida. “

A number of other research firms also recently commented on FCB. Raymond James Financial Inc. assumed coverage on shares of FCB Financial Holdings in a research note on Wednesday. They set a “market perform” rating for the company. Citigroup Inc. began coverage on shares of FCB Financial Holdings in a report on Wednesday. They issued a “market perform” rating on the stock. Hovde Group cut shares of FCB Financial Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, November 14th. Deutsche Bank AG upped their target price on shares of FCB Financial Holdings from $41.00 to $44.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Finally, TheStreet raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $41.50.

Analyst Recommendations for FCB Financial Holdings (NYSE:FCB)

FCB Financial Holdings (NYSE:FCB) traded up 1.61% during midday trading on Wednesday, reaching $44.25. The company’s stock had a trading volume of 432,082 shares. FCB Financial Holdings has a 52 week low of $28.64 and a 52 week high of $44.35. The firm has a market cap of $1.81 billion, a P/E ratio of 18.86 and a beta of 1.25. The firm has a 50 day moving average price of $38.68 and a 200-day moving average price of $37.03.

FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. FCB Financial Holdings had a net margin of 30.45% and a return on equity of 10.41%. The company earned $75.40 million during the quarter, compared to the consensus estimate of $48.24 million. During the same period in the prior year, the business posted $0.48 EPS. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts forecast that FCB Financial Holdings will post $2.28 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “FCB Financial Holdings Inc. (FCB) Downgraded by Zacks Investment Research to “Hold”” was first posted by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark laws. The correct version of this article can be accessed at http://www.dailypolitical.com/2016/11/30/fcb-financial-holdings-inc-fcb-downgraded-by-zacks-investment-research-to-hold.html.

In other FCB Financial Holdings news, insider Stuart I. Oran sold 20,000 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $42.29, for a total value of $845,800.00. Following the transaction, the insider now directly owns 25,104 shares of the company’s stock, valued at approximately $1,061,648.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stuart I. Oran sold 4,000 shares of the stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $36.81, for a total transaction of $147,240.00. Following the completion of the transaction, the insider now directly owns 9,104 shares in the company, valued at $335,118.24. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oak Hill Advisors LP boosted its position in shares of FCB Financial Holdings by 152.2% in the third quarter. Oak Hill Advisors LP now owns 2,744,824 shares of the company’s stock valued at $105,483,000 after buying an additional 1,656,423 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of FCB Financial Holdings by 287.3% in the second quarter. JPMorgan Chase & Co. now owns 1,094,195 shares of the company’s stock valued at $37,202,000 after buying an additional 811,677 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in shares of FCB Financial Holdings during the second quarter valued at approximately $25,171,000. The Manufacturers Life Insurance Company acquired a new position in shares of FCB Financial Holdings during the third quarter valued at approximately $23,776,000. Finally, Boston Partners boosted its position in shares of FCB Financial Holdings by 185.9% in the third quarter. Boston Partners now owns 876,431 shares of the company’s stock valued at $33,681,000 after buying an additional 569,858 shares in the last quarter. 94.25% of the stock is currently owned by hedge funds and other institutional investors.

About FCB Financial Holdings

FCB Financial Holdings, Inc is a bank holding company with one 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. The Company provides a range of financial products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through approximately 50 branches in south and central Florida.

5 Day Chart for NYSE:FCB

Get a free copy of the Zacks research report on FCB Financial Holdings (FCB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for FCB Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.