Wall Street analysts expect FCB Financial Holdings Inc (NYSE:FCB) to post earnings per share (EPS) of $0.83 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for FCB Financial’s earnings. The lowest EPS estimate is $0.81 and the highest is $0.85. FCB Financial reported earnings of $0.64 per share in the same quarter last year, which would indicate a positive year over year growth rate of 29.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that FCB Financial will report full year earnings of $3.59 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.70. For the next financial year, analysts forecast that the business will post earnings of $4.19 per share, with EPS estimates ranging from $3.90 to $4.46. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for FCB Financial.
FCB Financial (NYSE:FCB) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. FCB Financial had a net margin of 30.60% and a return on equity of 11.64%. The business had revenue of $85.85 million during the quarter, compared to analysts’ expectations of $88.53 million. During the same period in the prior year, the company earned $0.62 earnings per share.
In other FCB Financial news, CEO Kent S. Ellert sold 32,301 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $55.16, for a total value of $1,781,723.16. Following the completion of the transaction, the chief executive officer now directly owns 228,828 shares in the company, valued at $12,622,152.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gerald Luterman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $54.74, for a total transaction of $273,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 546,651 shares of company stock valued at $29,129,403. Company insiders own 15.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB bought a new position in shares of FCB Financial during the fourth quarter worth $266,000. Pier Capital LLC boosted its position in shares of FCB Financial by 33.9% during the fourth quarter. Pier Capital LLC now owns 140,047 shares of the bank’s stock worth $7,114,000 after acquiring an additional 35,467 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of FCB Financial during the fourth quarter worth $843,000. Macquarie Group Ltd. boosted its position in shares of FCB Financial by 5.2% during the fourth quarter. Macquarie Group Ltd. now owns 533,377 shares of the bank’s stock worth $27,096,000 after acquiring an additional 26,485 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of FCB Financial by 46.8% during the fourth quarter. TIAA CREF Investment Management LLC now owns 193,667 shares of the bank’s stock worth $9,838,000 after acquiring an additional 61,784 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.
Shares of FCB Financial (FCB) traded down $1.05 during mid-day trading on Monday, reaching $56.15. 173,550 shares of the company’s stock were exchanged, compared to its average volume of 195,196. FCB Financial has a twelve month low of $39.90 and a twelve month high of $57.90. The stock has a market capitalization of $2,558.20, a PE ratio of 20.64, a P/E/G ratio of 0.88 and a beta of 1.32. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.64.
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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