FCB Financial Holdings, Inc. (NYSE:FCB) Receives “Buy” Rating from Royal Bank Of Canada

FCB Financial Holdings, Inc. (NYSE:FCB)‘s stock had its “buy” rating reiterated by equities researchers at Royal Bank Of Canada in a note issued to investors on Wednesday, October 25th. They presently have a $54.00 price target on the bank’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 16.38% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. 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. ValuEngine upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price target on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.40.

FCB Financial Holdings (NYSE:FCB) opened at $46.40 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a market cap of $1,998.49, a PE ratio of 16.83, a PEG ratio of 1.13 and a beta of 1.30. FCB Financial Holdings has a 52 week low of $39.05 and a 52 week high of $50.33.

FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 earnings per share (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 during the quarter, compared to analysts’ expectations of $87.16 million. During the same period last year, the business earned $0.60 earnings per share. research analysts anticipate that FCB Financial Holdings will post 2.84 EPS for the current year.

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In other news, Director Paul A. Novelly sold 19,858 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $44.77, for a total transaction of $889,042.66. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at approximately $89,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stuart I. Oran sold 11,142 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $47.72, for a total transaction of $531,696.24. Following the completion of the sale, the insider now owns 18,246 shares of the company’s stock, valued at approximately $870,699.12. The disclosure for this sale can be found here. Insiders sold 459,429 shares of company stock valued at $20,989,209 in the last quarter. 15.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FCB. Cubist Systematic Strategies LLC acquired a new stake in FCB Financial Holdings during the 2nd quarter worth approximately $502,000. UBS Asset Management Americas Inc. increased its position in FCB Financial Holdings by 9.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,221 shares of the bank’s stock worth $1,061,000 after purchasing an additional 1,899 shares in the last quarter. SG Americas Securities LLC increased its position in FCB Financial Holdings by 23.6% during the 1st quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock worth $168,000 after purchasing an additional 649 shares in the last quarter. Whittier Trust Co. increased its position in FCB Financial Holdings by 2.6% during the 2nd quarter. Whittier Trust Co. now owns 50,389 shares of the bank’s stock worth $2,406,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in FCB Financial Holdings by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock worth $140,048,000 after purchasing an additional 101,061 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for FCB Financial Holdings (NYSE:FCB)

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