Teacher Retirement System of Texas acquired a new stake in FCB Financial Holdings Inc (NYSE:FCB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,065 shares of the bank’s stock, valued at approximately $715,000.
Other institutional investors have also recently bought and sold shares of the company. Chicago Equity Partners LLC purchased a new position in FCB Financial in the third quarter valued at approximately $626,000. Boston Partners raised its holdings in FCB Financial by 3.3% during the 3rd quarter. Boston Partners now owns 850,100 shares of the bank’s stock valued at $41,059,000 after acquiring an additional 26,987 shares during the period. US Bancorp DE raised its holdings in FCB Financial by 3.8% during the 4th quarter. US Bancorp DE now owns 29,841 shares of the bank’s stock valued at $1,516,000 after acquiring an additional 1,094 shares during the period. Citadel Advisors LLC raised its holdings in FCB Financial by 8.4% during the 3rd quarter. Citadel Advisors LLC now owns 627,141 shares of the bank’s stock valued at $30,291,000 after acquiring an additional 48,695 shares during the period. Finally, Legal & General Group Plc raised its holdings in FCB Financial by 29.5% during the 3rd quarter. Legal & General Group Plc now owns 17,912 shares of the bank’s stock valued at $865,000 after acquiring an additional 4,075 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.
A number of brokerages have issued reports on FCB. Zacks Investment Research cut shares of FCB Financial from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $61.00 target price on shares of FCB Financial in a report on Wednesday, January 24th. Finally, Bank of America boosted their target price on shares of FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $59.20.
Shares of FCB Financial Holdings Inc (FCB) opened at $57.20 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.64. FCB Financial Holdings Inc has a 1-year low of $39.90 and a 1-year high of $57.90. The stock has a market cap of $2,524.66, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 0.87 and a beta of 1.32.
FCB Financial (NYSE:FCB) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $85.85 million for the quarter, compared to analysts’ expectations of $88.53 million. FCB Financial had a net margin of 30.60% and a return on equity of 11.64%. During the same quarter in the previous year, the firm posted $0.62 EPS. equities research analysts forecast that FCB Financial Holdings Inc will post 3.59 earnings per share for the current fiscal year.
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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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