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.
WARNING: This story was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/08/11/fcb-financial-holdings-inc-fcb-receives-consensus-recommendation-of-hold-from-analysts-updated-updated-updated.html.
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.
What are top analysts saying about FCB Financial Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for FCB Financial Holdings Inc. and related companies.