Brokerages Expect FCB Financial Holdings Inc (FCB) Will Announce Earnings of $0.84 Per Share

Brokerages expect that FCB Financial Holdings Inc (NYSE:FCB) will report $0.84 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for FCB Financial’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.86. FCB Financial posted earnings of $0.64 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 19th.

According to Zacks, analysts expect that FCB Financial will report full year earnings of $3.62 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.75. For the next fiscal year, analysts forecast that the company will report earnings of $4.21 per share, with EPS estimates ranging from $3.90 to $4.46. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for FCB Financial.

FCB Financial (NYSE:FCB) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The company had revenue of $85.85 million for the quarter, compared to analysts’ expectations of $88.53 million. FCB Financial had a net margin of 30.60% and a return on equity of 11.82%. During the same quarter in the previous year, the business posted $0.62 EPS.

A number of equities analysts have weighed in on the company. Royal Bank of Canada reissued a “buy” rating and issued a $61.00 target price on shares of FCB Financial in a research report on Wednesday, January 24th. Bank of America boosted their target price on FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research raised FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $59.20.

Shares of FCB Financial (FCB) traded up $0.25 during trading hours on Tuesday, reaching $53.50. The company’s stock had a trading volume of 115,476 shares, compared to its average volume of 206,134. FCB Financial has a fifty-two week low of $39.90 and a fifty-two week high of $57.20. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. The stock has a market cap of $2,470.34, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 0.81 and a beta of 1.34.

In other news, Vice Chairman Les J. Lieberman sold 7,407 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $51.74, for a total transaction of $383,238.18. Following the completion of the sale, the insider now owns 305,605 shares of the company’s stock, valued at approximately $15,812,002.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stuart I. Oran sold 11,142 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $45.76, for a total transaction of $509,857.92. Following the sale, the insider now directly owns 18,246 shares of the company’s stock, valued at approximately $834,936.96. The disclosure for this sale can be found here. In the last three months, insiders sold 856,060 shares of company stock valued at $45,148,663. 15.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of FCB Financial during the 2nd quarter valued at about $109,000. Valeo Financial Advisors LLC purchased a new stake in shares of FCB Financial during the 3rd quarter valued at about $146,000. Ameritas Investment Partners Inc. increased its position 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 last quarter. M&R Capital Management Inc. increased its position 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 last quarter. Finally, Truepoint Inc. increased its position in shares of FCB Financial by 316.8% during the 4th quarter. Truepoint Inc. now owns 3,947 shares of the bank’s stock valued at $201,000 after purchasing an additional 3,000 shares during the last quarter. 92.47% of the stock is owned by hedge funds and other institutional investors.

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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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