Analysts Expect FCB Financial Holdings Inc (FCB) Will Announce Earnings of $0.74 Per Share

Equities research analysts expect that FCB Financial Holdings Inc (NYSE:FCB) will announce earnings of $0.74 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for FCB Financial’s earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.73. FCB Financial posted earnings per share of $0.62 during the same quarter last year, which suggests a positive year-over-year growth rate of 19.4%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, January 23rd.

According to Zacks, analysts expect that FCB Financial will report full-year earnings of $2.82 per share for the current year, with EPS estimates ranging from $2.80 to $2.83. For the next year, analysts forecast that the company will report earnings of $3.67 per share, with EPS estimates ranging from $3.52 to $3.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover FCB Financial.

FCB Financial (NYSE:FCB) last posted its quarterly earnings data 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 analysts’ expectations of $87.16 million. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. During the same quarter last year, the company posted $0.60 EPS.

A number of equities analysts recently commented on FCB shares. Zacks Investment Research upgraded shares of FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Tuesday, December 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $54.00 target price on shares of FCB Financial in a research report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of FCB Financial in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $56.00.

In related news, insider Stuart I. Oran sold 11,142 shares of FCB Financial stock in a transaction on Friday, November 10th. The shares were sold at an average price of $45.76, for a total value of $509,857.92. Following the transaction, the insider now owns 18,246 shares in the company, valued at approximately $834,936.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kent S. Ellert sold 18,499 shares of FCB Financial stock in a transaction on Friday, January 12th. The stock was sold at an average price of $55.36, for a total transaction of $1,024,104.64. Following the completion of the transaction, the chief executive officer now owns 232,689 shares in the company, valued at approximately $12,881,663.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 759,042 shares of company stock worth $39,418,335. 15.40% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in shares of FCB Financial in the second quarter valued at about $109,000. Valeo Financial Advisors LLC purchased a new position in shares of FCB Financial in the third quarter valued at about $146,000. Ameritas Investment Partners Inc. increased its position in shares of FCB Financial by 19.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after acquiring an additional 504 shares during the period. M&R Capital Management Inc. increased its position in shares of FCB Financial by 600.0% in the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock valued at $152,000 after acquiring an additional 3,000 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of FCB Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock valued at $194,000 after acquiring an additional 609 shares during the period. Institutional investors own 93.98% of the company’s stock.

FCB Financial (FCB) traded up $1.10 during trading on Friday, hitting $56.60. 184,245 shares of the stock traded hands, compared to its average volume of 194,356. 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 $2,472.57, a PE ratio of 19.12, a P/E/G ratio of 0.90 and a beta of 1.35. FCB Financial has a 12-month low of $39.90 and a 12-month high of $56.65.

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About FCB Financial

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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