FCB Financial (FCB) Trading Up 1.8%

Shares of FCB Financial Holdings Inc (NYSE:FCB) were up 1.8% on Monday . The company traded as high as $56.35 and last traded at $57.25. Approximately 280,133 shares changed hands during trading, an increase of 14% from the average daily volume of 246,010 shares. The stock had previously closed at $56.25.

A number of analysts have weighed in on FCB shares. Bank of America boosted 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 raised shares of FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Tuesday, December 26th. Royal Bank of Canada reaffirmed 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 started 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 on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.33.

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The company has a market capitalization of $2,515.71, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.93 and a current ratio of 0.93.

FCB Financial (NYSE:FCB) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. FCB Financial had a net margin of 30.60% and a return on equity of 11.64%. The firm had revenue of $85.85 million for the quarter, compared to analysts’ expectations of $88.53 million. During the same quarter in the previous year, the firm posted $0.62 earnings per share. equities analysts predict that FCB Financial Holdings Inc will post 3.62 earnings per share for the current fiscal year.

In related news, insider Stuart I. Oran sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $56.24, for a total value of $281,200.00. Following the sale, the insider now owns 12,104 shares of the company’s stock, valued at $680,728.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stuart I. Oran sold 5,417 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.43, for a total transaction of $300,264.31. The disclosure for this sale can be found here. In the last three months, insiders sold 326,415 shares of company stock worth $18,329,260. 9.60% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP grew its stake in shares of FCB Financial by 39.2% in the fourth quarter. First Trust Advisors LP now owns 100,864 shares of the bank’s stock worth $5,124,000 after purchasing an additional 28,384 shares during the last quarter. Deutsche Bank AG grew its stake in shares of FCB Financial by 28.8% in the fourth quarter. Deutsche Bank AG now owns 226,353 shares of the bank’s stock worth $11,496,000 after purchasing an additional 50,570 shares during the last quarter. Swiss National Bank grew its stake in shares of FCB Financial by 3.4% in the fourth quarter. Swiss National Bank now owns 70,100 shares of the bank’s stock worth $3,561,000 after purchasing an additional 2,300 shares during the last quarter. Pier Capital LLC grew its stake in shares of FCB Financial by 33.9% in the fourth 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 during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of FCB Financial by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,232,159 shares of the bank’s stock worth $62,594,000 after purchasing an additional 38,230 shares during the last quarter. 92.87% of the stock is currently 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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