A number of research firms have changed their ratings and price targets for FCB Financial Holdings (NYSE: FCB):

  • 8/2/2017 – FCB Financial Holdings was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/31/2017 – FCB Financial Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FCB Financial Holdings Inc. is a bank holding company for Florida Community Bank. The Company, through its subsidiaries, operates community banks in Florida, United States. The Bank offers a comprehensive range of traditional banking products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities. FCB Financial Holdings Inc. is headquartered in Weston, Florida. “
  • 7/28/2017 – FCB Financial Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “FCB Financial Holdings Inc. is a bank holding company for Florida Community Bank. The Company, through its subsidiaries, operates community banks in Florida, United States. The Bank offers a comprehensive range of traditional banking products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities. FCB Financial Holdings Inc. is headquartered in Weston, Florida. “
  • 7/27/2017 – FCB Financial Holdings had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $51.00 price target on the stock.
  • 7/24/2017 – FCB Financial Holdings was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/17/2017 – FCB Financial Holdings is now covered by analysts at Royal Bank Of Canada. They set an “outperform” rating and a $56.00 price target on the stock.
  • 7/10/2017 – FCB Financial Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FCB Financial Holdings Inc. is a bank holding company for Florida Community Bank. The Company, through its subsidiaries, operates community banks in Florida, United States. The Bank offers a comprehensive range of traditional banking products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities. FCB Financial Holdings Inc. is headquartered in Weston, Florida. “
  • 7/6/2017 – FCB Financial Holdings was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/24/2017 – FCB Financial Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/21/2017 – FCB Financial Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “FCB Financial Holdings Inc. is a bank holding company for Florida Community Bank. The Company, through its subsidiaries, operates community banks in Florida, United States. The Bank offers a comprehensive range of traditional banking products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities. FCB Financial Holdings Inc. is headquartered in Weston, Florida. “

FCB Financial Holdings, Inc. (FCB) traded down 1.00% on Thursday, hitting $44.35. 26,928 shares of the company were exchanged. The stock has a 50 day moving average of $47.07 and a 200 day moving average of $47.46. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 15.46 and a beta of 1.29. FCB Financial Holdings, Inc. has a 52 week low of $35.55 and a 52 week high of $50.33.

FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The firm had revenue of $83 million during the quarter, compared to analyst estimates of $83.47 million. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. FCB Financial Holdings’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 EPS. Analysts predict that FCB Financial Holdings, Inc. will post $2.80 EPS for the current fiscal year.

In other FCB Financial Holdings news, CEO Kent S. Ellert sold 24,095 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $45.01, for a total value of $1,084,515.95. Following the completion of the transaction, the chief executive officer now owns 150,525 shares of the company’s stock, valued at approximately $6,775,130.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan S. Bernikow sold 5,870 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $49.00, for a total value of $287,630.00. Following the completion of the transaction, the director now directly owns 10,070 shares of the company’s stock, valued at approximately $493,430. The disclosure for this sale can be found here. In the last ninety days, insiders sold 644,049 shares of company stock valued at $30,162,196. 15.40% of the stock is owned by insiders.

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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