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.
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.
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