Shares of FCB Financial Holdings (NYSE:FCB) have received a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $56.40.
A number of analysts recently issued reports on the company. ValuEngine raised FCB Financial from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 price target for the company in a research note on Thursday, January 11th. Royal Bank of Canada reaffirmed a “buy” rating and set a $61.00 price target on shares of FCB Financial in a research note on Wednesday, January 24th. Bank of America raised their price target 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. Finally, UBS started coverage on shares of FCB Financial in a research note on Wednesday, March 21st. They set a “sell” rating and a $48.00 price target for the company.
NYSE FCB traded up $0.15 during trading hours on Wednesday, reaching $58.25. 311,064 shares of the company’s stock were exchanged, compared to its average volume of 263,754. FCB Financial has a one year low of $39.90 and a one year high of $59.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $2,598.45, a price-to-earnings ratio of 17.77, a PEG ratio of 0.89 and a beta of 1.34.
FCB Financial (NYSE:FCB) last posted its earnings results 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. FCB Financial had a return on equity of 11.64% and a net margin of 30.60%. The business had revenue of $85.85 million during the quarter, compared to analysts’ expectations of $88.53 million. During the same period in the prior year, the business earned $0.62 EPS. analysts predict that FCB Financial will post 3.62 EPS for the current year.
In other news, CEO Kent S. Ellert sold 13,676 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $56.23, for a total transaction of $769,001.48. Following the completion of the transaction, the chief executive officer now directly owns 202,787 shares of the company’s stock, valued at approximately $11,402,713.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stuart I. Oran sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $56.24, for a total transaction of $281,200.00. Following the transaction, the insider now directly owns 12,104 shares of the company’s stock, valued at $680,728.96. The disclosure for this sale can be found here. Insiders have sold a total of 306,464 shares of company stock valued at $17,217,391 over the last ninety days. Company insiders own 9.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of FCB Financial by 4.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 24,167 shares of the bank’s stock valued at $1,228,000 after buying an additional 962 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of FCB Financial by 2.1% in the 4th quarter. Whittier Trust Co. now owns 52,186 shares of the bank’s stock valued at $2,651,000 after buying an additional 1,071 shares during the last quarter. US Bancorp DE boosted its holdings in shares of FCB Financial by 3.8% in the 4th quarter. US Bancorp DE now owns 29,841 shares of the bank’s stock valued at $1,516,000 after buying an additional 1,094 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of FCB Financial by 2.4% in the 4th quarter. Gabelli Funds LLC now owns 99,100 shares of the bank’s stock valued at $5,034,000 after buying an additional 2,300 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of FCB Financial by 3.4% in the 4th quarter. Swiss National Bank now owns 70,100 shares of the bank’s stock valued at $3,561,000 after buying an additional 2,300 shares during the last quarter. 92.78% of the stock is owned by institutional investors.
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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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