FCB Financial Holdings Inc (NYSE:FCB) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $56.50.
Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of FCB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research downgraded shares of FCB Financial from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Gabelli downgraded shares of FCB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Deutsche Bank cut shares of FCB Financial from a “buy” rating to a “hold” rating and cut their target price for the company from $66.00 to $44.00 in a report on Monday, July 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $61.00 target price on shares of FCB Financial in a report on Wednesday, August 8th.
Shares of FCB traded down $0.20 during trading on Tuesday, reaching $52.20. 4,189 shares of the company traded hands, compared to its average volume of 676,847. FCB Financial has a twelve month low of $39.90 and a twelve month high of $62.95. The stock has a market cap of $2.48 billion, a PE ratio of 15.95, a P/E/G ratio of 0.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.93 and a quick ratio of 0.93.
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, beating analysts’ consensus estimates of $0.91 by $0.03. The business had revenue of $98.77 million during the quarter, compared to analysts’ expectations of $99.74 million. FCB Financial had a net margin of 29.07% and a return on equity of 12.54%. During the same period last year, the business earned $0.71 earnings per share. sell-side analysts expect that FCB Financial will post 3.69 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in FCB. FDx Advisors Inc. increased its holdings in shares of FCB Financial by 82.9% in the 1st quarter. FDx Advisors Inc. now owns 11,212 shares of the bank’s stock valued at $573,000 after acquiring an additional 5,083 shares during the period. West Branch Capital LLC acquired a new position in FCB Financial in the 1st quarter valued at $335,000. Whittier Trust Co. of Nevada Inc. increased its stake in FCB Financial by 59.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,273 shares of the bank’s stock valued at $218,000 after buying an additional 1,598 shares during the period. SG Americas Securities LLC acquired a new position in FCB Financial in the 1st quarter valued at $219,000. Finally, Swiss National Bank increased its stake in FCB Financial by 2.4% in the 1st quarter. Swiss National Bank now owns 71,800 shares of the bank’s stock valued at $3,669,000 after buying an additional 1,700 shares during the period. 92.10% of the stock is currently owned by institutional investors and hedge funds.
FCB Financial Company Profile
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.
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