FCB Financial Holdings, Inc. (FCB) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS
FCB Financial Holdings, Inc. (NYSE:FCB) posted its quarterly earnings results on Tuesday. The bank reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05, Briefing.com reports. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. During the same period in the previous year, the company earned $0.60 earnings per share.
FCB Financial Holdings (NYSE:FCB) traded down 0.32% during mid-day trading on Tuesday, reaching $47.15. The company had a trading volume of 175,850 shares. The stock’s 50-day moving average price is $46.16 and its 200 day moving average price is $46.55. FCB Financial Holdings has a 52 week low of $35.55 and a 52 week high of $50.33. The firm has a market capitalization of $2.04 billion, a PE ratio of 16.43 and a beta of 1.33.
In other FCB Financial Holdings news, Vice Chairman Les J. Lieberman sold 10,454 shares of FCB Financial Holdings stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $47.10, for a total transaction of $492,383.40. Following the completion of the transaction, the insider now owns 310,599 shares in the company, valued at approximately $14,629,212.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Les J. Lieberman sold 60,388 shares of FCB Financial Holdings stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $47.19, for a total value of $2,849,709.72. Following the transaction, the insider now owns 400,995 shares of the company’s stock, valued at approximately $18,922,954.05. The disclosure for this sale can be found here. Insiders have sold a total of 956,074 shares of company stock valued at $44,129,401 in the last quarter. Company insiders own 15.40% of the company’s stock.
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A number of research firms recently commented on FCB. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price objective on shares of FCB Financial Holdings in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 price objective on shares of FCB Financial Holdings in a research report on Friday, September 8th. Zacks Investment Research cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub cut FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. FCB Financial Holdings currently has a consensus rating of “Hold” and an average target price of $53.40.
About FCB Financial Holdings
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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