Gamco Investors INC. ET AL lifted its stake in FCB Financial Holdings Inc (NYSE:FCB) by 29.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 224,770 shares of the bank’s stock after purchasing an additional 50,479 shares during the period. Gamco Investors INC. ET AL owned 0.48% of FCB Financial worth $10,654,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Janney Capital Management LLC boosted its position in shares of FCB Financial by 10.2% in the 2nd quarter. Janney Capital Management LLC now owns 10,901 shares of the bank’s stock worth $641,000 after purchasing an additional 1,008 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of FCB Financial by 31.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,634 shares of the bank’s stock worth $331,000 after purchasing an additional 1,361 shares during the last quarter. Amalgamated Bank boosted its position in shares of FCB Financial by 32.2% in the 2nd quarter. Amalgamated Bank now owns 6,381 shares of the bank’s stock worth $375,000 after purchasing an additional 1,553 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of FCB Financial by 16.3% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 13,750 shares of the bank’s stock worth $808,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Meadow Creek Investment Management LLC bought a new position in shares of FCB Financial in the 2nd quarter worth $120,000. Institutional investors and hedge funds own 92.53% of the company’s stock.
FCB stock opened at $39.19 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. FCB Financial Holdings Inc has a 1-year low of $37.65 and a 1-year high of $62.95.
FCB Financial (NYSE:FCB) last posted its earnings results on Tuesday, October 23rd. The bank reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.02. The firm had revenue of $101.40 million for the quarter, compared to analyst estimates of $104.71 million. FCB Financial had a return on equity of 13.29% and a net margin of 29.45%. During the same period in the previous year, the company posted $0.74 earnings per share. Analysts predict that FCB Financial Holdings Inc will post 3.67 earnings per share for the current year.
Several research firms have recently issued reports on FCB. ValuEngine upgraded FCB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, September 25th. Gabelli lowered FCB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Deutsche Bank lowered FCB Financial from a “buy” rating to a “hold” rating and reduced their target price for the stock from $66.00 to $44.00 in a report on Monday, July 30th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $61.00 target price on shares of FCB Financial in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $55.50.
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FCB Financial Profile
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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