United Services Automobile Association trimmed its holdings in FCB Financial Holdings Inc (NYSE:FCB) by 19.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 95,190 shares of the bank’s stock after selling 23,458 shares during the period. United Services Automobile Association’s holdings in FCB Financial were worth $5,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank raised its holdings in shares of FCB Financial by 8.5% in the second quarter. Swiss National Bank now owns 77,900 shares of the bank’s stock worth $4,581,000 after buying an additional 6,100 shares during the period. M&R Capital Management Inc. increased its holdings in FCB Financial by 11.1% during the 2nd quarter. M&R Capital Management Inc. now owns 45,925 shares of the bank’s stock worth $2,700,000 after purchasing an additional 4,600 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in FCB Financial by 7.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 197,495 shares of the bank’s stock worth $10,092,000 after purchasing an additional 13,311 shares during the period. Alps Advisors Inc. purchased a new position in FCB Financial during the 2nd quarter worth $546,000. Finally, Hudson Executive Capital LP increased its holdings in FCB Financial by 176.7% during the 1st quarter. Hudson Executive Capital LP now owns 119,000 shares of the bank’s stock worth $6,081,000 after purchasing an additional 76,000 shares during the period. Hedge funds and other institutional investors own 92.49% of the company’s stock.

Several research firms have commented on FCB. Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, September 25th. ValuEngine downgraded FCB Financial from a “hold” rating to a “sell” rating in a report on Monday, September 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $61.00 price objective on shares of FCB Financial in a report on Wednesday, August 8th. Deutsche Bank downgraded FCB Financial from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $66.00 to $44.00 in a report on Monday, July 30th. Finally, UBS Group upgraded FCB Financial from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $50.00 to $54.00 in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. FCB Financial has a consensus rating of “Hold” and a consensus price target of $56.00.

FCB opened at $44.18 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.73 and a beta of 1.18. FCB Financial Holdings Inc has a 52 week low of $43.20 and a 52 week high of $62.95. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.64.

FCB Financial (NYSE:FCB) last announced its quarterly earnings results on Tuesday, July 24th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. FCB Financial had a return on equity of 12.54% and a net margin of 29.07%. The business had revenue of $98.77 million for the quarter, compared to the consensus estimate of $99.74 million. During the same period last year, the business posted $0.71 EPS. On average, equities research analysts forecast that FCB Financial Holdings Inc will post 3.69 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for FCB Financial (NYSE:FCB)

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