FCB Financial Holdings, Inc. (FCB) to Release Quarterly Earnings on Wednesday
FCB Financial Holdings, Inc. (NYSE:FCB) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.
FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings results on Thursday, April 20th. The bank reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. FCB Financial Holdings had a return on equity of 10.81% and a net margin of 32.07%. The business had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.44 million. During the same quarter last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts expect FCB Financial Holdings to post $2.65 EPS for the current fiscal year and $3.22 EPS for the next fiscal year.
Shares of FCB Financial Holdings, Inc. (FCB) opened at 47.35 on Monday. FCB Financial Holdings, Inc. has a 52-week low of $34.24 and a 52-week high of $50.33. The firm’s 50-day moving average price is $46.82 and its 200-day moving average price is $47.50. The stock has a market cap of $2.02 billion, a P/E ratio of 17.81 and a beta of 1.31.
In other news, Director Alan S. Bernikow sold 5,870 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $49.00, for a total transaction of $287,630.00. Following the sale, the director now directly owns 10,070 shares in the company, valued at approximately $493,430. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stuart I. Oran sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $47.75, for a total transaction of $143,250.00. Following the sale, the insider now owns 10,104 shares in the company, valued at $482,466. The disclosure for this sale can be found here. Insiders have sold a total of 629,368 shares of company stock worth $30,053,486 over the last 90 days. Corporate insiders own 15.40% of the company’s stock.
FCB has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of FCB Financial Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $52.00 price target on shares of FCB Financial Holdings in a research note on Wednesday, April 5th. ValuEngine upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Deutsche Bank AG restated a “buy” rating and set a $57.00 target price (up from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. Finally, BidaskClub cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. FCB Financial Holdings currently has an average rating of “Hold” and a consensus price target of $51.00.
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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