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

FCB Financial Holdings Inc (NYSE:FCB) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $56.40.

A number of analysts recently issued reports on FCB shares. Bank of America raised their price objective on FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised FCB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada reissued a “buy” rating and set a $61.00 price objective on shares of FCB Financial in a research report on Wednesday, January 24th. Finally, UBS started coverage on FCB Financial in a report on Wednesday. They set a “sell” rating and a $48.00 target price for the company.

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Shares of FCB stock opened at $50.95 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. The stock has a market capitalization of $2,509.00, a PE ratio of 18.66, a P/E/G ratio of 0.86 and a beta of 1.32. FCB Financial has a 52-week low of $39.90 and a 52-week high of $57.90.

FCB Financial (NYSE:FCB) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $85.85 million during the quarter, compared to the consensus estimate of $88.53 million. FCB Financial had a return on equity of 11.64% and a net margin of 30.60%. During the same period last year, the company earned $0.62 EPS. analysts predict that FCB Financial will post 3.59 earnings per share for the current fiscal year.

In related news, insider Les J. Lieberman sold 147,159 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $57.25, for a total transaction of $8,424,852.75. Following the completion of the transaction, the insider now directly owns 315,356 shares in the company, valued at approximately $18,054,131. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kent S. Ellert sold 21,920 shares of FCB Financial stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $51.02, for a total value of $1,118,358.40. Following the completion of the transaction, the chief executive officer now owns 173,252 shares of the company’s stock, valued at approximately $8,839,317.04. The disclosure for this sale can be found here. Insiders have sold a total of 622,277 shares of company stock valued at $33,883,223 over the last 90 days. 15.40% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FCB. Victory Capital Management Inc. boosted its stake in shares of FCB Financial by 34.5% in the 3rd quarter. Victory Capital Management Inc. now owns 5,464 shares of the bank’s stock valued at $264,000 after buying an additional 1,402 shares during the period. Sei Investments Co. boosted its stake in shares of FCB Financial by 5.5% in the 3rd quarter. Sei Investments Co. now owns 33,889 shares of the bank’s stock valued at $1,637,000 after buying an additional 1,767 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of FCB Financial by 161.6% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,605 shares of the bank’s stock valued at $754,000 after buying an additional 9,640 shares during the period. Macquarie Group Ltd. boosted its stake in shares of FCB Financial by 159.3% in the 3rd quarter. Macquarie Group Ltd. now owns 506,892 shares of the bank’s stock valued at $24,483,000 after buying an additional 311,406 shares during the period. Finally, American International Group Inc. boosted its stake in shares of FCB Financial by 8.1% in the 3rd quarter. American International Group Inc. now owns 23,610 shares of the bank’s stock valued at $1,140,000 after buying an additional 1,765 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

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FCB Financial Company Profile

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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