Renaissance Technologies LLC increased its position in FCB Financial Holdings Inc (NYSE:FCB) by 205.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 103,851 shares of the bank’s stock after buying an additional 69,799 shares during the period. Renaissance Technologies LLC owned about 0.22% of FCB Financial worth $6,106,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of FCB. Janney Capital Management LLC boosted its holdings in shares of FCB Financial by 10.2% during the 2nd quarter. Janney Capital Management LLC now owns 10,901 shares of the bank’s stock valued at $641,000 after purchasing an additional 1,008 shares during the last quarter. Barclays PLC boosted its holdings in shares of FCB Financial by 5.9% during the 1st quarter. Barclays PLC now owns 20,569 shares of the bank’s stock valued at $1,051,000 after purchasing an additional 1,143 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of FCB Financial by 31.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,634 shares of the bank’s stock valued at $331,000 after purchasing an additional 1,361 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of FCB Financial by 32.2% during the 2nd quarter. Amalgamated Bank now owns 6,381 shares of the bank’s stock valued at $375,000 after purchasing an additional 1,553 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of FCB Financial by 32.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 6,930 shares of the bank’s stock valued at $354,000 after purchasing an additional 1,700 shares during the last quarter. 92.49% of the stock is owned by institutional investors.
Shares of NYSE:FCB opened at $44.18 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.64. FCB Financial Holdings Inc has a 12 month low of $43.20 and a 12 month high of $62.95. The stock has a market capitalization of $2.22 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 0.73 and a beta of 1.18.
FCB Financial (NYSE:FCB) last announced its quarterly earnings results on Tuesday, July 24th. The bank reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. FCB Financial had a net margin of 29.07% and a return on equity of 12.54%. The firm had revenue of $98.77 million during the quarter, compared to the consensus estimate of $99.74 million. During the same quarter last year, the firm earned $0.71 EPS. On average, sell-side analysts forecast that FCB Financial Holdings Inc will post 3.69 earnings per share for the current year.
Several research analysts have commented on FCB shares. ValuEngine downgraded shares of FCB Financial from a “hold” rating to a “sell” rating in a report on Monday, September 17th. UBS Group raised shares of FCB Financial from a “sell” rating to a “neutral” rating and increased their price target for the company from $50.00 to $54.00 in a report on Thursday, July 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $57.00 price target on shares of FCB Financial in a report on Wednesday, July 25th. Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Wednesday, August 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $61.00 price target on shares of FCB Financial in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. FCB Financial currently has a consensus rating of “Hold” and a consensus target price of $56.00.
About FCB Financial
FCB Financial Holdings, Inc operates as the bank holding company for Florida Community Bank, N.A. that provides various financial products and services to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company offers various deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificates of deposit; checking products; and money market accounts and IRAs.
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