Wall Street brokerages predict that FCB Financial Holdings Inc (NYSE:FCB) will report sales of $90.54 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for FCB Financial’s earnings. The highest sales estimate is $90.87 million and the lowest is $90.20 million. FCB Financial posted sales of $79.66 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.7%. The business is expected to report its next earnings report on Thursday, April 19th.
According to Zacks, analysts expect that FCB Financial will report full year sales of $90.54 million for the current fiscal year, with estimates ranging from $391.01 million to $393.10 million. For the next fiscal year, analysts anticipate that the firm will post sales of $449.22 million per share, with estimates ranging from $445.00 million to $454.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover FCB Financial.
FCB Financial (NYSE:FCB) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. FCB Financial had a net margin of 30.60% and a return on equity of 11.64%. The firm had revenue of $85.85 million for the quarter, compared to analyst estimates of $88.53 million. During the same period in the prior year, the business posted $0.62 EPS.
In related news, insider Stuart I. Oran sold 37,744 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $52.83, for a total transaction of $1,994,015.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kent S. Ellert sold 18,946 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $52.54, for a total transaction of $995,422.84. Following the completion of the sale, the chief executive officer now directly owns 150,759 shares in the company, valued at $7,920,877.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 846,089 shares of company stock worth $44,896,946. 15.40% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC purchased a new stake in shares of FCB Financial in the 3rd quarter valued at approximately $146,000. Ameritas Investment Partners Inc. increased its position in shares of FCB Financial by 19.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after purchasing an additional 504 shares during the last quarter. Truepoint Inc. increased its position in shares of FCB Financial by 316.8% in the 4th quarter. Truepoint Inc. now owns 3,947 shares of the bank’s stock valued at $201,000 after purchasing an additional 3,000 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of FCB Financial in the 3rd quarter valued at approximately $206,000. Finally, Ranger Investment Management L.P. purchased a new stake in shares of FCB Financial in the 4th quarter valued at approximately $208,000. 91.78% of the stock is currently owned by institutional investors.
Shares of FCB Financial (NYSE:FCB) traded down $1.00 during mid-day trading on Friday, hitting $53.65. 207,271 shares of the stock traded hands, compared to its average volume of 189,867. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.93 and a current ratio of 0.93. FCB Financial has a 52-week low of $39.90 and a 52-week high of $57.20. The firm has a market cap of $2,500.06, a price-to-earnings ratio of 19.87, a P/E/G ratio of 0.82 and a beta of 1.34.
About FCB Financial
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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