First Trust Advisors LP boosted its position in FCB Financial Holdings Inc (NYSE:FCB) by 54.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,952 shares of the bank’s stock after buying an additional 14,369 shares during the period. First Trust Advisors LP owned approximately 0.09% of FCB Financial worth $1,941,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of FCB. Meadow Creek Investment Management LLC bought a new stake in FCB Financial during the 2nd quarter worth approximately $120,000. Glen Harbor Capital Management LLC bought a new stake in FCB Financial during the 2nd quarter worth approximately $146,000. First Hawaiian Bank bought a new stake in FCB Financial during the 3rd quarter worth approximately $200,000. Aperio Group LLC bought a new stake in FCB Financial during the 2nd quarter worth approximately $210,000. Finally, Signition LP bought a new stake in FCB Financial during the 2nd quarter worth approximately $214,000. 89.10% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on FCB shares. Zacks Investment Research raised FCB Financial from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Wednesday, August 15th. TheStreet lowered FCB Financial from a “b-” rating to a “c+” rating in a report on Tuesday, November 20th. ValuEngine raised FCB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $61.00 price objective on shares of FCB Financial in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. FCB Financial has an average rating of “Hold” and an average price target of $55.50.
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 analysts’ consensus estimates of $0.95 by $0.02. FCB Financial had a return on equity of 13.02% and a net margin of 29.45%. The firm had revenue of $101.40 million for the quarter, compared to the consensus estimate of $104.71 million. During the same quarter in the previous year, the business earned $0.74 EPS. Analysts expect that FCB Financial Holdings Inc will post 3.67 EPS for the current year.
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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.
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