Shares of FCB Financial Holdings Inc (NYSE:FCB) reached a new 52-week high and low during mid-day trading on Friday . The company traded as low as $58.15 and last traded at $58.10, with a volume of 405319 shares. The stock had previously closed at $56.00.
FCB has been the subject of a number of research reports. Bank of America raised their target price on shares of FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded shares of FCB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Royal Bank of Canada restated a “buy” rating and set a $61.00 target price on shares of FCB Financial in a research note on Wednesday, January 24th. Finally, UBS initiated coverage on shares of FCB Financial in a research note on Wednesday, March 21st. They set a “sell” rating and a $48.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $57.33.
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 company has a market capitalization of $2,506.77, a price-to-earnings ratio of 19.67, a PEG ratio of 0.86 and a beta of 1.34.
FCB Financial (NYSE:FCB) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.76 earnings per share 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 business had revenue of $85.85 million during the quarter, compared to analysts’ expectations of $88.53 million. During the same quarter in the previous year, the company earned $0.62 EPS. equities research analysts expect that FCB Financial Holdings Inc will post 3.62 earnings per share for the current year.
In other FCB Financial news, insider Stuart I. Oran sold 5,000 shares of FCB Financial stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $56.24, for a total value of $281,200.00. Following the completion of the sale, the insider now owns 12,104 shares in the company, valued at approximately $680,728.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kent S. Ellert sold 17,823 shares of FCB Financial stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $56.05, for a total transaction of $998,979.15. Following the completion of the sale, the chief executive officer now owns 185,121 shares of the company’s stock, valued at approximately $10,376,032.05. The disclosure for this sale can be found here. Insiders sold a total of 306,464 shares of company stock valued at $17,217,391 in the last quarter. Corporate insiders own 9.60% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new stake in FCB Financial in the 4th quarter worth about $266,000. Pier Capital LLC raised its stake in FCB Financial by 33.9% in the 4th quarter. Pier Capital LLC now owns 140,047 shares of the bank’s stock worth $7,114,000 after purchasing an additional 35,467 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in FCB Financial in the 4th quarter worth about $843,000. Macquarie Group Ltd. raised its stake in FCB Financial by 5.2% in the 4th quarter. Macquarie Group Ltd. now owns 533,377 shares of the bank’s stock worth $27,096,000 after purchasing an additional 26,485 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in FCB Financial by 46.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 193,667 shares of the bank’s stock worth $9,838,000 after purchasing an additional 61,784 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.
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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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