GAM Holding AG purchased a new stake in FCB Financial Holdings Inc (NYSE:FCB) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,000 shares of the bank’s stock, valued at approximately $1,185,000. GAM Holding AG owned about 0.05% of FCB Financial as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank raised its stake in FCB Financial by 8.5% in the second quarter. Swiss National Bank now owns 77,900 shares of the bank’s stock valued at $4,581,000 after buying an additional 6,100 shares during the last quarter. Renaissance Technologies LLC raised its stake in FCB Financial by 205.0% in the second quarter. Renaissance Technologies LLC now owns 103,851 shares of the bank’s stock valued at $6,106,000 after buying an additional 69,799 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in FCB Financial in the second quarter valued at about $234,000. Gamco Investors INC. ET AL increased its holdings in shares of FCB Financial by 29.0% in the third quarter. Gamco Investors INC. ET AL now owns 224,770 shares of the bank’s stock valued at $10,654,000 after purchasing an additional 50,479 shares during the period. Finally, M&R Capital Management Inc. increased its holdings in shares of FCB Financial by 11.1% in the second quarter. M&R Capital Management Inc. now owns 45,925 shares of the bank’s stock valued at $2,700,000 after purchasing an additional 4,600 shares during the period. Institutional investors own 89.10% of the company’s stock.
Shares of FCB stock opened at $36.53 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.70 billion, a PE ratio of 10.34, a PEG ratio of 0.58 and a beta of 1.35. FCB Financial Holdings Inc has a fifty-two week low of $35.44 and a fifty-two week high of $62.95.
FCB Financial (NYSE:FCB) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. The business 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 13.02% and a net margin of 29.45%. During the same period in the prior year, the company earned $0.74 earnings per share. Research analysts anticipate that FCB Financial Holdings Inc will post 3.67 EPS for the current year.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised FCB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th. TheStreet lowered FCB Financial from a “b-” rating to a “c+” rating in a report on Tuesday, November 20th. Keefe, Bruyette & Woods raised FCB Financial from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $61.00 to $58.00 in a report on Thursday, November 8th. Finally, ValuEngine raised FCB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $55.50.
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FCB Financial Company 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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