Chicago Capital Management LLC acquired a new position in shares of FCB Financial Holdings Inc (NYSE:FCB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 130,775 shares of the bank’s stock, valued at approximately $6,199,000. FCB Financial comprises approximately 2.4% of Chicago Capital Management LLC’s holdings, making the stock its 13th biggest position.

Several other hedge funds have also made changes to their positions in FCB. Millennium Management LLC bought a new stake in shares of FCB Financial during the 1st quarter worth $1,222,000. Principal Financial Group Inc. lifted its position in shares of FCB Financial by 10.1% during the 1st quarter. Principal Financial Group Inc. now owns 28,315 shares of the bank’s stock worth $1,447,000 after buying an additional 2,597 shares during the last quarter. Amalgamated Bank lifted its position in shares of FCB Financial by 32.2% during the 2nd quarter. Amalgamated Bank now owns 6,381 shares of the bank’s stock worth $375,000 after buying an additional 1,553 shares during the last quarter. Janney Capital Management LLC lifted its position in shares of FCB Financial by 10.2% during the 2nd quarter. Janney Capital Management LLC now owns 10,901 shares of the bank’s stock worth $641,000 after buying an additional 1,008 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in shares of FCB Financial during the 2nd quarter worth $345,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Shares of FCB opened at $37.50 on Wednesday. FCB Financial Holdings Inc has a 12-month low of $37.25 and a 12-month high of $62.95. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.62 and a beta of 1.35.

FCB Financial (NYSE:FCB) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. FCB Financial had a return on equity of 13.02% and a net margin of 29.45%. The business had revenue of $101.40 million during the quarter, compared to analysts’ expectations of $104.71 million. During the same quarter in the prior year, the firm earned $0.74 EPS. As a group, research analysts forecast that FCB Financial Holdings Inc will post 3.67 earnings per share for the current fiscal year.

Several analysts recently weighed in on the company. Gabelli downgraded FCB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $57.00 target price on shares of FCB Financial in a report on Wednesday, July 25th. UBS Group raised FCB Financial from a “sell” rating to a “neutral” rating and upped their target price for the stock from $50.00 to $54.00 in a report on Thursday, July 26th. ValuEngine raised FCB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Zacks Investment Research raised FCB Financial from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. FCB Financial currently has an average rating of “Hold” and a consensus price target of $55.50.

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FCB Financial 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.

Read More: Stock Symbols and CUSIP Explained

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

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