FCB Financial (NYSE:FCB)‘s stock had its “hold” rating reiterated by Keefe, Bruyette & Woods in a report issued on Wednesday. They currently have a $61.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 19.49% from the stock’s previous close.

FCB has been the subject of a number of other reports. ValuEngine cut shares of FCB Financial from a “buy” rating to a “hold” rating in a report on Friday, June 15th. Gabelli cut shares of FCB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Zacks Investment Research cut shares of FCB Financial from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Deutsche Bank cut shares of FCB Financial from a “buy” rating to a “hold” rating and decreased their price target for the company from $66.00 to $44.00 in a report on Monday, July 30th. Finally, Royal Bank of Canada restated a “buy” rating and set a $57.00 price target on shares of FCB Financial in a report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $56.33.

Shares of NYSE:FCB opened at $51.05 on Wednesday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 0.80 and a beta of 1.19. FCB Financial has a 1 year low of $39.90 and a 1 year high of $62.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.93 and a quick ratio of 0.93.

FCB Financial (NYSE:FCB) last issued its quarterly earnings data on Tuesday, July 24th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. The firm had revenue of $98.77 million during the quarter, compared to analysts’ expectations of $99.74 million. FCB Financial had a net margin of 29.07% and a return on equity of 12.86%. During the same period in the prior year, the company posted $0.71 earnings per share. equities analysts anticipate that FCB Financial will post 3.69 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in FCB. Aperio Group LLC bought a new stake in FCB Financial during the second quarter valued at about $210,000. Signition LP bought a new stake in FCB Financial during the second quarter valued at about $214,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in FCB Financial by 59.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,273 shares of the bank’s stock valued at $218,000 after acquiring an additional 1,598 shares during the period. SG Americas Securities LLC bought a new stake in FCB Financial during the first quarter valued at about $219,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of FCB Financial during the first quarter valued at about $235,000. Institutional investors own 92.16% of the company’s stock.

FCB Financial Company Profile

FCB Financial Holdings, Inc operates as the bank holding company for Florida Community Bank, N.A. that provides various financial products and services to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company offers various deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificates of deposit; checking products; and money market accounts and IRAs.

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Analyst Recommendations for FCB Financial (NYSE:FCB)

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