$0.69 EPS Expected for FCB Financial Holdings, Inc. (FCB) This Quarter
Equities research analysts forecast that FCB Financial Holdings, Inc. (NYSE:FCB) will announce $0.69 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for FCB Financial Holdings’ earnings, with estimates ranging from $0.67 to $0.71. FCB Financial Holdings reported earnings of $0.59 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.9%. The company is expected to report its next earnings results 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 year, with EPS estimates ranging from $2.78 to $2.80. For the next year, analysts anticipate that the firm will report earnings of $3.18 per share, with EPS estimates ranging from $3.04 to $3.30. Zacks’ EPS averages are an average based on a survey of analysts 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, beating analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $83.00 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share.
A number of equities research analysts have recently issued reports on FCB shares. BidaskClub lowered FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Royal Bank Of Canada started coverage on FCB Financial Holdings in a research report on Monday, July 17th. They set an “outperform” rating and a $56.00 target price on the stock. ValuEngine lowered FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised FCB Financial Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 target price on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. FCB Financial Holdings has an average rating of “Hold” and a consensus target price of $53.40.
FCB Financial Holdings (NYSE:FCB) traded up 1.38% during mid-day trading on Friday, hitting $47.75. The company had a trading volume of 330,531 shares. The company has a market cap of $2.07 billion, a PE ratio of 16.64 and a beta of 1.34. FCB Financial Holdings has a one year low of $35.55 and a one year high of $50.33. The company’s 50 day moving average price is $46.03 and its 200-day moving average price is $46.61.
In other news, insider Les J. Lieberman sold 60,388 shares of FCB Financial Holdings stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.19, for a total transaction of $2,849,709.72. Following the transaction, the insider now owns 400,995 shares in the company, valued at $18,922,954.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stuart I. Oran sold 3,000 shares of FCB Financial Holdings stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the transaction, the insider now owns 10,104 shares in the company, valued at approximately $486,002.40. The disclosure for this sale can be found here. Insiders have sold 947,932 shares of company stock worth $43,746,016 in the last quarter. 15.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in shares of FCB Financial Holdings during the second quarter valued at $109,000. Oppenheimer Asset Management Inc. purchased a new position in shares of FCB Financial Holdings during the first quarter valued at $117,000. Ameritas Investment Partners Inc. purchased a new position in shares of FCB Financial Holdings during the first quarter valued at $128,000. M&R Capital Management Inc. grew its holdings in shares of 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 valued at $152,000 after buying an additional 3,000 shares in the last quarter. Finally, 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 valued at $168,000 after buying an additional 649 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.
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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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