FCB Financial (FCB) Sets New 52-Week Low at $44.90

Share on StockTwits

Shares of FCB Financial Holdings Inc (NYSE:FCB) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $44.90 and last traded at $44.93, with a volume of 200671 shares trading hands. The stock had previously closed at $46.70.

FCB has been the topic of several research reports. Gabelli cut FCB Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. ValuEngine upgraded FCB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Deutsche Bank cut FCB Financial from a “buy” rating to a “hold” rating and cut their price objective for the company from $66.00 to $44.00 in a research note on Monday, July 30th. Royal Bank of Canada restated a “buy” rating and set a $57.00 price objective on shares of FCB Financial in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $56.00.

The company has a market cap of $2.22 billion, a PE ratio of 13.47, a P/E/G ratio of 0.73 and a beta of 1.18. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.64.

FCB Financial (NYSE:FCB) last announced its quarterly earnings results on Tuesday, July 24th. The bank reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The business had revenue of $98.77 million for the quarter, compared to analysts’ expectations of $99.74 million. FCB Financial had a return on equity of 12.54% and a net margin of 29.07%. During the same period in the prior year, the firm earned $0.71 EPS. As a group, research analysts forecast that FCB Financial Holdings Inc will post 3.69 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Meadow Creek Investment Management LLC acquired a new stake in shares of FCB Financial during the 2nd quarter worth approximately $120,000. Glen Harbor Capital Management LLC acquired a new stake in shares of FCB Financial during the 2nd quarter worth approximately $146,000. Aperio Group LLC acquired a new stake in shares of FCB Financial during the 2nd quarter worth approximately $210,000. Signition LP acquired a new stake in shares of FCB Financial during the 2nd quarter worth approximately $214,000. Finally, HPM Partners LLC acquired a new stake in shares of FCB Financial during the 2nd quarter worth approximately $217,000. Institutional investors and hedge funds own 92.49% of the company’s stock.

About FCB Financial (NYSE:FCB)

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.

Read More: Why does a company issue an IPO?

Receive News & Ratings for FCB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Eaton Vance Tax-Managed Buy-Write Income  to Issue Monthly Dividend of $0.11 on  October 31st
Eaton Vance Tax-Managed Buy-Write Income to Issue Monthly Dividend of $0.11 on October 31st
Eaton Vance Municipal Bond Fund  Announces Monthly Dividend of $0.04
Eaton Vance Municipal Bond Fund Announces Monthly Dividend of $0.04
Jabil Inc  Shares Bought by Strs Ohio
Jabil Inc Shares Bought by Strs Ohio
Athene Holding Ltd  Shares Sold by Strs Ohio
Athene Holding Ltd Shares Sold by Strs Ohio
Urovant Sciences  Now Covered by Analysts at JPMorgan Chase & Co.
Urovant Sciences Now Covered by Analysts at JPMorgan Chase & Co.
OGE Energy  Coverage Initiated at Barclays
OGE Energy Coverage Initiated at Barclays


Leave a Reply

© 2006-2018 Ticker Report. Google+.