FCB Financial Holdings’ Quiet Period Set To End on September 10th (NYSE:FCB)
FCB Financial Holdings’ (NYSE:FCB) quiet period is set to end on Wednesday, September 10th. FCB Financial Holdings had issued 7,520,000 shares in its IPO on August 1st, Stock Ratings Network reports. The total size of the offering was $165,440,000 based on an initial share price of $22.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
A number of analysts have recently weighed in on FCB shares. Analysts at Guggenheim initiated coverage on shares of FCB Financial Holdings in a research note on Wednesday, August 27th. They set a “neutral” rating and a $24.50 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of FCB Financial Holdings in a research note on Tuesday, August 26th. They set a “buy” rating and a $26.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of FCB Financial Holdings in a research note on Tuesday, August 26th. They set a “buy” rating and a $26.00 price target on the stock.
FCB Financial Holdings (NYSE:FCB) traded up 0.08% during mid-day trading on Friday, hitting $22.608. 2,855 shares of the company’s stock traded hands. FCB Financial Holdings has a 52 week low of $19.73 and a 52 week high of $23.16. The stock has a 50-day moving average of $21.85 and a 200-day moving average of $21.85. The company has a market cap of $811.4 million and a price-to-earnings ratio of 35.91.
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