Zacks: Brokerages Anticipate FCB Financial Holdings, Inc. (FCB) Will Post Earnings of $0.70 Per Share
Equities research analysts predict that FCB Financial Holdings, Inc. (NYSE:FCB) will report earnings per share of $0.70 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for FCB Financial Holdings’ earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.70. FCB Financial Holdings posted earnings per share of $0.59 in the same quarter last year, which suggests a positive year over year growth rate of 18.6%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, October 24th.
According to Zacks, analysts expect that FCB Financial Holdings will report full-year earnings of $2.79 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $2.80. For the next year, analysts expect that the company will report earnings of $3.19 per share, with EPS estimates ranging from $3.08 to $3.29. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow FCB Financial Holdings.
FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $83.00 million for the quarter, compared to the consensus estimate of $83.47 million. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share.
FCB has been the subject of several research reports. Zacks Investment Research cut FCB Financial Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BidaskClub lowered FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Royal Bank Of Canada began coverage on FCB Financial Holdings in a report on Monday, July 17th. They issued an “outperform” rating and a $56.00 target price on the stock. ValuEngine cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price target on shares of FCB Financial Holdings in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.40.
Shares of FCB Financial Holdings (FCB) traded down 0.20% on Tuesday, hitting $48.70. The stock had a trading volume of 207,158 shares. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 16.97 and a beta of 1.33. The company has a 50-day moving average of $44.49 and a 200 day moving average of $46.60. FCB Financial Holdings has a 52 week low of $35.55 and a 52 week high of $50.33.
In related news, insider Stuart I. Oran sold 11,141 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $48.10, for a total value of $535,882.10. Following the completion of the transaction, the insider now owns 18,245 shares of the company’s stock, valued at approximately $877,584.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Les J. Lieberman sold 14,678 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $48.33, for a total transaction of $709,387.74. Following the completion of the transaction, the insider now owns 309,200 shares in the company, valued at $14,943,636. The disclosure for this sale can be found here. In the last ninety days, insiders sold 886,716 shares of company stock worth $40,754,238. 15.40% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in shares of FCB Financial Holdings by 23.6% during the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock worth $168,000 after buying an additional 649 shares in the last quarter. Whittier Trust Co. boosted its position in FCB Financial Holdings by 2.6% during the second quarter. Whittier Trust Co. now owns 50,389 shares of the bank’s stock worth $2,406,000 after acquiring an additional 1,278 shares during the last quarter. Vanguard Group Inc. boosted its position in FCB Financial Holdings by 3.7% during the first quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock worth $140,048,000 after acquiring an additional 101,061 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in FCB Financial Holdings by 33.1% during the second quarter. Emerald Advisers Inc. PA now owns 635,513 shares of the bank’s stock worth $30,346,000 after acquiring an additional 158,130 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in FCB Financial Holdings during the first quarter worth approximately $4,331,000. 94.00% of the stock is currently owned by institutional investors.
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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