FCB Financial Holdings Inc. (FCB) Now Covered by Analysts at Citigroup Inc.
Equities research analysts at Citigroup Inc. assumed coverage on shares of FCB Financial Holdings Inc. (NYSE:FCB) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “market perform” rating on the stock.
Several other research firms have also recently commented on FCB. TheStreet upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Hovde Group cut FCB Financial Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, November 14th. Zacks Investment Research cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Finally, Deutsche Bank AG upped their price objective on FCB Financial Holdings from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, September 23rd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. FCB Financial Holdings presently has an average rating of “Buy” and a consensus target price of $41.50.
Shares of FCB Financial Holdings (NYSE:FCB) opened at 43.55 on Wednesday. The company’s 50-day moving average price is $38.53 and its 200 day moving average price is $36.96. FCB Financial Holdings has a 1-year low of $28.64 and a 1-year high of $43.20. The firm has a market cap of $1.78 billion, a PE ratio of 18.56 and a beta of 1.25.
FCB Financial Holdings (NYSE:FCB) last posted its earnings results on Thursday, October 20th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. FCB Financial Holdings had a return on equity of 10.41% and a net margin of 30.45%. The business earned $75.40 million during the quarter, compared to analysts’ expectations of $48.24 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. On average, analysts predict that FCB Financial Holdings will post $2.28 EPS for the current year.
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In other news, insider Stuart I. Oran sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $38.74, for a total value of $387,400.00. Following the completion of the sale, the insider now owns 15,104 shares of the company’s stock, valued at approximately $585,128.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stuart I. Oran sold 20,000 shares of the business’s 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 completion of the sale, the insider now directly owns 25,104 shares of the company’s stock, valued at approximately $1,061,648.16. The disclosure for this sale can be found here. 17.70% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Credit Suisse AG raised its stake in FCB Financial Holdings by 104.7% in the third quarter. Credit Suisse AG now owns 63,435 shares of the company’s stock worth $2,437,000 after buying an additional 32,451 shares during the period. Jane Street Group LLC bought a new stake in FCB Financial Holdings during the third quarter worth $263,000. D. E. Shaw & Co. Inc. raised its stake in FCB Financial Holdings by 137.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 41,231 shares of the company’s stock worth $1,585,000 after buying an additional 23,895 shares during the period. Clinton Group Inc. bought a new stake in FCB Financial Holdings during the third quarter worth $446,000. Finally, The Manufacturers Life Insurance Company bought a new stake in FCB Financial Holdings during the third quarter worth $23,776,000. 94.25% of the stock is owned by institutional investors.
FCB Financial Holdings Company Profile
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.
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