ValuEngine lowered shares of FCB Financial Holdings, Inc. (NYSE:FCB) from a buy rating to a hold rating in a research note issued to investors on Friday, September 1st.
Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded FCB Financial Holdings from a hold rating to a sell rating in a research report on Wednesday, June 21st. BidaskClub downgraded FCB Financial Holdings from a buy rating to a hold rating in a research report on Saturday, June 24th. Royal Bank Of Canada started coverage on FCB Financial Holdings in a research report on Monday, July 17th. They issued an outperform rating and a $56.00 target price for the company. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $51.00 target price on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. FCB Financial Holdings has an average rating of Hold and an average target price of $53.40.
Shares of FCB Financial Holdings (FCB) opened at 43.75 on Friday. The stock has a market capitalization of $1.90 billion, a PE ratio of 15.25 and a beta of 1.31. FCB Financial Holdings has a 1-year low of $35.55 and a 1-year high of $50.33. The firm has a 50-day moving average of $44.33 and a 200 day moving average of $46.82.
FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. The firm had revenue of $83.00 million for the quarter, compared to analyst estimates of $83.47 million. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. FCB Financial Holdings’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. Analysts predict that FCB Financial Holdings will post $2.80 EPS for the current year.
In other news, Vice Chairman Les J. Lieberman sold 10,454 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $47.10, for a total transaction of $492,383.40. Following the completion of the sale, the insider now owns 310,599 shares in the company, valued at $14,629,212.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul A. Novelly sold 1,813 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $43.98, for a total value of $79,735.74. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at approximately $87,960. The disclosure for this sale can be found here. In the last quarter, insiders sold 748,167 shares of company stock valued at $34,319,679. 15.40% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new position in FCB Financial Holdings in the second quarter worth $109,000. Oppenheimer Asset Management Inc. purchased a new position in FCB Financial Holdings in the first quarter worth $117,000. Ameritas Investment Partners Inc. purchased a new position in FCB Financial Holdings in the first quarter worth $128,000. M&R Capital Management Inc. raised its position in FCB Financial Holdings by 600.0% in the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after acquiring an additional 3,000 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock worth $168,000 after acquiring an additional 649 shares in the last quarter. Hedge funds and other institutional investors own 93.76% of the company’s stock.
FCB Financial Holdings Company Profile
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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