FCB Financial Holdings, Inc. (FCB) Short Interest Update

FCB Financial Holdings, Inc. (NYSE:FCB) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 754,602 shares, a decline of 45.7% from the October 13th total of 1,389,733 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 265,678 shares, the short-interest ratio is currently 2.8 days.

In other news, Vice Chairman Les J. Lieberman sold 20,093 shares of FCB Financial Holdings stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $47.59, for a total value of $956,225.87. Following the sale, the insider now owns 322,105 shares in the company, valued at $15,328,976.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stuart I. Oran sold 3,000 shares of FCB Financial Holdings stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $45.20, for a total transaction of $135,600.00. Following the completion of the sale, the insider now owns 10,104 shares in the company, valued at approximately $456,700.80. The disclosure for this sale can be found here. Insiders sold 523,411 shares of company stock valued at $23,867,598 in the last ninety days. 15.40% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in FCB Financial Holdings during the second quarter worth about $109,000. Oppenheimer Asset Management Inc. acquired a new position in FCB Financial Holdings during the first quarter worth about $117,000. Ameritas Investment Partners Inc. boosted its position in FCB Financial Holdings by 19.5% during the second quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after acquiring an additional 504 shares during the last quarter. M&R Capital Management Inc. boosted its position in FCB Financial Holdings by 600.0% during 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 during the last quarter. Finally, Victory Capital Management Inc. boosted its position in FCB Financial Holdings by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after acquiring an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Several analysts have recently issued reports on FCB shares. Royal Bank of Canada started coverage on shares of FCB Financial Holdings in a research report on Monday, July 17th. They issued an “outperform” rating and a $56.00 target price on the stock. BidaskClub lowered shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of FCB Financial Holdings in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Friday, July 28th. Finally, ValuEngine lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $53.40.

FCB Financial Holdings (FCB) opened at $45.60 on Friday. The firm has a market cap of $2,002.87, a PE ratio of 16.86, a P/E/G ratio of 1.14 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. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.95 and a current ratio of 0.94.

FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $84.21 million for the quarter, compared to analyst estimates of $87.16 million. FCB Financial Holdings had a net margin of 34.09% and a return on equity of 11.42%. During the same period in the previous year, the business posted $0.60 earnings per share. analysts anticipate that FCB Financial Holdings will post 2.84 EPS for the current fiscal year.

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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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