FCB Financial Holdings, Inc. (FCB) Given Average Rating of “Hold” by Analysts
FCB Financial Holdings, Inc. (NYSE:FCB) has received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $53.50.
Several research analysts recently issued reports on FCB shares. Royal Bank Of Canada reissued a “buy” rating and issued a $54.00 price objective on shares of FCB Financial Holdings in a research note on Friday, September 8th. Zacks Investment Research raised FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, July 28th. ValuEngine raised FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a research note on Tuesday, October 3rd. Finally, BidaskClub cut FCB Financial Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 24th.
In other FCB Financial Holdings news, insider Stuart I. Oran sold 11,142 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $47.36, for a total transaction of $527,685.12. Following the completion of the sale, the insider now owns 18,246 shares in the company, valued at $864,130.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Les J. Lieberman sold 10,454 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $47.10, for a total value of $492,383.40. Following the sale, the insider now owns 310,599 shares of the company’s stock, valued at approximately $14,629,212.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 956,074 shares of company stock valued at $44,129,401. 15.40% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Suntrust Banks Inc. lifted its holdings in FCB Financial Holdings by 1.6% during the second quarter. Suntrust Banks Inc. now owns 8,937 shares of the bank’s stock worth $426,000 after buying an additional 142 shares during the period. HighTower Advisors LLC lifted its holdings in FCB Financial Holdings by 0.8% during the second quarter. HighTower Advisors LLC now owns 27,280 shares of the bank’s stock worth $1,294,000 after buying an additional 227 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in FCB Financial Holdings by 1.0% during the first quarter. Parametric Portfolio Associates LLC now owns 28,660 shares of the bank’s stock worth $1,420,000 after buying an additional 285 shares during the period. Campbell Newman Asset Management Inc. lifted its holdings in FCB Financial Holdings by 4.8% during the second quarter. Campbell Newman Asset Management Inc. now owns 9,211 shares of the bank’s stock worth $440,000 after buying an additional 426 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in FCB Financial Holdings by 16.7% during the first quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock worth $171,000 after buying an additional 494 shares during the period. Institutional investors own 93.73% of the company’s stock.
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FCB Financial Holdings (NYSE FCB) opened at 47.15 on Wednesday. The stock has a 50 day moving average price of $46.16 and a 200-day moving average price of $46.55. FCB Financial Holdings has a 1-year low of $35.55 and a 1-year high of $50.33. The stock has a market cap of $2.04 billion, a PE ratio of 16.43 and a beta of 1.34.
FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. 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 EPS. On average, equities analysts expect that FCB Financial Holdings will post $2.78 EPS for the current year.
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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