FCB Financial Holdings Inc (NYSE:FCB) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,175,943 shares, a growth of 55.9% from the January 12th total of 754,232 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 205,789 shares, the short-interest ratio is presently 5.7 days.
A number of equities analysts recently weighed in on the stock. 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 report on Tuesday, December 26th. Royal Bank of Canada restated a “buy” rating and set a $54.00 target price on shares of FCB Financial in a report on Wednesday, October 25th. Finally, Bank of America boosted their target price on shares of FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. FCB Financial currently has a consensus rating of “Buy” and an average price target of $59.20.
In other news, Chairman Vincent Tese sold 219,554 shares of FCB Financial stock in a transaction that occurred on 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 directly owns 393,818 shares in the company, valued at $20,813,281.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas E. Constance sold 1,641 shares of FCB Financial stock in a transaction that occurred on 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 owns 3,641 shares in the company, valued at $178,409. The disclosure for this sale can be found here. Insiders sold 868,455 shares of company stock worth $45,907,185 over the last quarter. 15.40% of the stock is owned by corporate insiders.
FCB Financial (NYSE:FCB) opened at $55.20 on Thursday. FCB Financial has a fifty-two week low of $39.90 and a fifty-two week high of $57.20. The company has a market cap of $2,381.24, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93.
FCB Financial (NYSE:FCB) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. FCB Financial had a net margin of 30.60% and a return on equity of 11.82%. The firm had revenue of $85.85 million for the quarter, compared to the consensus estimate of $88.53 million. During the same period in the previous year, the company earned $0.62 earnings per share. equities research analysts predict that FCB Financial will post 3.62 EPS for the current year.
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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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