Wall Street brokerages expect FCB Financial Holdings Inc (NYSE:FCB) to post $88.49 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for FCB Financial’s earnings, with the highest sales estimate coming in at $88.57 million and the lowest estimate coming in at $88.40 million. FCB Financial reported sales of $78.99 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, January 23rd.

According to Zacks, analysts expect that FCB Financial will report full-year sales of $88.49 million for the current year, with estimates ranging from $329.90 million to $335.30 million. For the next fiscal year, analysts anticipate that the business will report sales of $391.18 million per share, with estimates ranging from $384.45 million to $397.90 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow FCB Financial.

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

FCB has been the topic of several research reports. Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Tuesday, December 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $54.00 target price on shares of FCB Financial in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 target price on shares of FCB Financial in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $54.60.

FCB Financial (NYSE:FCB) opened at $51.70 on Friday. FCB Financial has a 52-week low of $39.90 and a 52-week high of $54.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94. The stock has a market cap of $2,240.00, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.35.

In other news, insider Stuart I. Oran sold 11,142 shares of FCB Financial stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $47.62, for a total value of $530,582.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas E. Constance sold 1,641 shares of FCB Financial stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $49.00, for a total transaction of $80,409.00. Following the completion of the sale, the director now directly owns 3,641 shares in the company, valued at approximately $178,409. The disclosure for this sale can be found here. In the last ninety days, insiders sold 616,882 shares of company stock worth $31,695,455. Insiders own 15.40% of the company’s stock.

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in FCB Financial during the second quarter worth about $109,000. Valeo Financial Advisors LLC purchased a new stake in FCB Financial during the third quarter worth about $146,000. Ameritas Investment Partners Inc. boosted its holdings in FCB Financial by 19.5% during the second quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after buying an additional 504 shares in the last quarter. M&R Capital Management Inc. boosted its holdings in FCB Financial by 600.0% during the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after buying an additional 3,000 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in FCB Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after buying an additional 609 shares in the last quarter. 93.72% of the stock is currently owned by institutional investors and hedge funds.

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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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