FCB Financial Holdings Inc (FCB) Expected to Post Earnings of $0.74 Per Share

Wall Street analysts expect FCB Financial Holdings Inc (NYSE:FCB) to announce earnings per share (EPS) of $0.74 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for FCB Financial’s earnings, with estimates ranging from $0.73 to $0.74. FCB Financial posted earnings of $0.62 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 19.4%. The business is scheduled to announce its next quarterly earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that FCB Financial will report full year earnings of $2.84 per share for the current year, with EPS estimates ranging from $2.82 to $2.85. For the next fiscal year, analysts expect that the company will post earnings of $3.21 per share, with EPS estimates ranging from $3.15 to $3.24. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for FCB Financial.

FCB Financial (NYSE:FCB) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. The firm had revenue of $84.21 million during the quarter, compared to the consensus estimate of $87.16 million. During the same period last year, the company earned $0.60 earnings per share.

FCB has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $54.00 price objective on shares of FCB Financial in a report on Wednesday, October 25th. Zacks Investment Research upgraded FCB Financial from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price objective on shares of FCB Financial in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. FCB Financial presently has an average rating of “Hold” and an average target price of $54.60.

FCB Financial (FCB) traded up $0.45 during midday trading on Wednesday, reaching $51.60. The company had a trading volume of 288,030 shares, compared to its average volume of 280,600. FCB Financial has a 52 week low of $39.90 and a 52 week high of $54.10. The company has a market cap of $2,240.00, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93.

In other FCB Financial news, insider Stuart I. Oran sold 11,142 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $45.76, for a total transaction of $509,857.92. Following the completion of the sale, the insider now directly owns 18,246 shares in the company, valued at approximately $834,936.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Vincent Tese sold 219,554 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $52.85, for a total value of $11,603,428.90. Following the sale, the chairman now owns 393,818 shares of the company’s stock, valued at $20,813,281.30. The disclosure for this sale can be found here. Insiders sold a total of 652,154 shares of company stock valued at $33,380,069 over the last quarter. 15.40% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in FCB. Tower Research Capital LLC TRC bought a new stake in shares of FCB Financial during the 2nd quarter valued at about $109,000. Valeo Financial Advisors LLC bought a new stake in shares of FCB Financial during the 3rd quarter valued at about $146,000. Ameritas Investment Partners Inc. grew its stake in shares of FCB Financial by 19.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after purchasing an additional 504 shares during the period. M&R Capital Management Inc. grew its stake in shares of FCB Financial by 600.0% during the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock valued at $152,000 after purchasing an additional 3,000 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of FCB Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock valued at $194,000 after purchasing an additional 609 shares during the period. Institutional investors and hedge funds own 93.72% of the company’s stock.

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FCB Financial 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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Earnings History and Estimates for FCB Financial (NYSE:FCB)

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