FCB Financial Holdings, Inc. (FCB) Receives Consensus Recommendation of “Hold” from Analysts
Shares of FCB Financial Holdings, Inc. (NYSE:FCB) have been given an average recommendation of “Hold” by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $53.50.
Several research firms have commented on FCB. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 target price on shares of FCB Financial Holdings in a research report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and set a $54.00 target price on shares of FCB Financial Holdings in a research report on Friday, September 8th. Zacks Investment Research cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub cut shares of FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
FCB Financial Holdings (FCB) opened at $47.80 on Friday. FCB Financial Holdings has a 1 year low of $39.90 and a 1 year high of $50.33. The firm has a market cap of $2,070.00, a PE ratio of 17.45, a P/E/G ratio of 1.18 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93.
FCB Financial Holdings (NYSE:FCB) last posted its earnings results on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. FCB Financial Holdings had a net margin of 34.09% and a return on equity of 11.42%. The firm had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $87.16 million. During the same quarter last year, the firm earned $0.60 EPS. equities analysts expect that FCB Financial Holdings will post 2.84 earnings per share for the current year.
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In related news, Chairman Vincent Tese sold 20,174 shares of FCB Financial Holdings stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $47.59, for a total value of $960,080.66. Following the sale, the chairman now owns 412,993 shares of the company’s stock, valued at approximately $19,654,336.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stuart I. Oran sold 11,142 shares of FCB Financial Holdings stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $45.76, for a total transaction of $509,857.92. Following the completion of the sale, the insider now directly owns 18,246 shares in the company, valued at approximately $834,936.96. The disclosure for this sale can be found here. Insiders sold a total of 412,101 shares of company stock worth $18,901,415 in the last ninety days. 15.40% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new position in FCB Financial Holdings in the 2nd quarter valued at approximately $109,000. Valeo Financial Advisors LLC purchased a new position in FCB Financial Holdings in the 3rd quarter valued at approximately $146,000. Ameritas Investment Partners Inc. grew its stake in FCB Financial Holdings by 19.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after buying an additional 504 shares in the last quarter. M&R Capital Management Inc. grew its stake in FCB Financial Holdings by 600.0% in the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock valued at $152,000 after buying an additional 3,000 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in FCB Financial Holdings by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock valued at $194,000 after buying an additional 609 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.
About FCB Financial Holdings
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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