FCB Financial Holdings Inc (NYSE:FCB) – Equities researchers at Gabelli decreased their FY2017 earnings estimates for FCB Financial in a research report issued to clients and investors on Friday. Gabelli analyst S. Comery now expects that the bank will post earnings per share of $2.80 for the year, down from their previous estimate of $2.85.

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

FCB has been the topic of several other research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of FCB Financial in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded FCB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $54.00 price objective on shares of FCB Financial in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $56.00.

FCB Financial (FCB) opened at $55.75 on Monday. The firm has a market capitalization of $2,446.03, a P/E ratio of 18.83, a PEG ratio of 0.90 and a beta of 1.35. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. FCB Financial has a 12-month low of $39.90 and a 12-month high of $56.55.

In other FCB Financial news, insider Stuart I. Oran sold 11,142 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $45.76, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kent S. Ellert sold 18,946 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $52.54, for a total value of $995,422.84. Following the completion of the sale, the chief executive officer now owns 150,759 shares of the company’s stock, valued at $7,920,877.86. The disclosure for this sale can be found here. Insiders sold a total of 714,384 shares of company stock worth $36,869,492 in the last ninety days. 15.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. Janney Capital Management LLC lifted its holdings in shares of FCB Financial by 39.0% in the 3rd quarter. Janney Capital Management LLC now owns 8,904 shares of the bank’s stock worth $430,000 after buying an additional 2,498 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of FCB Financial in the 3rd quarter worth $146,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of FCB Financial in the 3rd quarter worth $693,000. M&R Capital Management Inc. lifted its holdings in shares of FCB Financial by 150.9% in the 3rd quarter. M&R Capital Management Inc. now owns 8,780 shares of the bank’s stock worth $424,000 after buying an additional 5,280 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of FCB Financial by 13.0% in the 3rd quarter. Stifel Financial Corp now owns 418,354 shares of the bank’s stock worth $20,205,000 after buying an additional 47,995 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.

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

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