FCB Financial Holdings Inc (FCB) Receives Consensus Rating of “Hold” from Analysts

Shares of FCB Financial Holdings Inc (NYSE:FCB) have earned an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $55.60.

A number of equities analysts recently weighed in on FCB shares. Zacks Investment Research raised shares of FCB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. TheStreet cut shares of FCB Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, November 20th. Keefe, Bruyette & Woods raised shares of FCB Financial from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $61.00 to $58.00 in a research report on Thursday, November 8th. Finally, ValuEngine cut shares of FCB Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 17th.

NYSE FCB traded down $2.97 on Thursday, reaching $37.06. The company had a trading volume of 572,032 shares, compared to its average volume of 402,664. The firm has a market cap of $1.86 billion, a PE ratio of 11.30, a PEG ratio of 0.64 and a beta of 1.35. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. FCB Financial has a 1-year low of $36.76 and a 1-year high of $62.95.

FCB Financial (NYSE:FCB) last announced its earnings results on Tuesday, October 23rd. The bank reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.02. The firm had revenue of $101.40 million during the quarter, compared to analyst estimates of $104.71 million. FCB Financial had a net margin of 29.45% and a return on equity of 13.02%. During the same period in the prior year, the business earned $0.74 EPS. Equities research analysts forecast that FCB Financial will post 3.67 EPS for the current year.

Large investors have recently modified their holdings of the business. Ancora Advisors LLC bought a new stake in FCB Financial during the 3rd quarter worth about $112,000. Meadow Creek Investment Management LLC bought a new stake in shares of FCB Financial in the 2nd quarter valued at about $120,000. Glen Harbor Capital Management LLC bought a new stake in shares of FCB Financial in the 2nd quarter valued at about $146,000. First Hawaiian Bank bought a new stake in shares of FCB Financial in the 3rd quarter valued at about $200,000. Finally, Aperio Group LLC bought a new stake in shares of FCB Financial in the 2nd quarter valued at about $210,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Earnings Per Share (EPS) Explained

Analyst Recommendations for FCB Financial (NYSE:FCB)

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