FCB Financial Holdings, Inc. (FCB) Given Average Rating of “Hold” by Analysts

Shares of FCB Financial Holdings, Inc. (NYSE:FCB) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $54.00.

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price objective on shares of FCB Financial Holdings in a research report on Thursday, July 27th. BidaskClub lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Deutsche Bank AG reissued a “buy” rating and set a $57.00 target price (up from $56.00) on shares of FCB Financial Holdings in a report on Sunday, April 23rd. Finally, ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th.

In other news, CEO Kent S. Ellert sold 12,635 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $47.06, for a total value of $594,603.10. Following the completion of the sale, the chief executive officer now owns 145,882 shares in the company, valued at $6,865,206.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Les J. Lieberman sold 10,454 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $47.10, for a total transaction of $492,383.40. Following the transaction, the insider now owns 310,599 shares of the company’s stock, valued at approximately $14,629,212.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 596,649 shares of company stock worth $28,118,048. Corporate insiders own 15.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FCB. Oppenheimer Asset Management Inc. bought a new stake in shares of FCB Financial Holdings during the first quarter worth $117,000. Ameritas Investment Partners Inc. acquired a new position in FCB Financial Holdings during the first quarter valued at approximately $128,000. SG Americas Securities LLC increased its position in shares of FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock valued at $168,000 after buying an additional 649 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of FCB Financial Holdings by 16.7% in the first quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock valued at $171,000 after buying an additional 494 shares during the last quarter. Finally, Teza Capital Management LLC purchased a new position in shares of FCB Financial Holdings during the first quarter valued at approximately $204,000. Institutional investors own 95.44% of the company’s stock.

FCB Financial Holdings (NYSE:FCB) traded down 1.36% on Monday, reaching $43.65. 247,363 shares of the company traded hands. FCB Financial Holdings has a 52-week low of $35.55 and a 52-week high of $50.33. The firm has a market cap of $1.89 billion, a P/E ratio of 15.21 and a beta of 1.29. The stock has a 50-day moving average price of $47.25 and a 200-day moving average price of $47.52.

FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The business had revenue of $83 million during the quarter, compared to analysts’ expectations of $83.47 million. During the same quarter in the previous year, the company earned $0.56 EPS. The business’s revenue was up 13.4% on a year-over-year basis. Analysts anticipate that FCB Financial Holdings will post $2.80 earnings per share for the current fiscal year.

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About FCB Financial Holdings

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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