Shares of FCB Financial Holdings Inc (NYSE:FCB) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $56.20.
Several equities analysts have recently issued reports on the company. ValuEngine upgraded FCB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, September 25th. Gabelli lowered FCB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Deutsche Bank lowered FCB Financial from a “buy” rating to a “hold” rating and decreased their target price for the stock from $66.00 to $44.00 in a research report on Monday, July 30th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $61.00 target price on shares of FCB Financial in a research report on Wednesday, August 8th.
Several institutional investors and hedge funds have recently modified their holdings of FCB. California Public Employees Retirement System grew its position in shares of FCB Financial by 76.7% in the 1st quarter. California Public Employees Retirement System now owns 9,109 shares of the bank’s stock valued at $465,000 after purchasing an additional 3,955 shares during the period. Principal Financial Group Inc. grew its position in shares of FCB Financial by 10.1% in the 1st quarter. Principal Financial Group Inc. now owns 28,315 shares of the bank’s stock valued at $1,447,000 after purchasing an additional 2,597 shares during the period. UBS Group AG grew its position in shares of FCB Financial by 8.2% in the 1st quarter. UBS Group AG now owns 75,234 shares of the bank’s stock valued at $3,844,000 after purchasing an additional 5,729 shares during the period. Millennium Management LLC acquired a new position in shares of FCB Financial in the 1st quarter valued at approximately $1,222,000. Finally, Xact Kapitalforvaltning AB grew its position in shares of FCB Financial by 32.5% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,930 shares of the bank’s stock valued at $354,000 after purchasing an additional 1,700 shares during the period. Institutional investors and hedge funds own 92.53% of the company’s stock.
FCB Financial (NYSE:FCB) last posted its earnings results on Tuesday, October 23rd. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.02. The company had revenue of $101.40 million during the quarter, compared to analyst estimates of $104.71 million. FCB Financial had a return on equity of 13.29% and a net margin of 29.45%. During the same period in the previous year, the company earned $0.74 EPS. Research analysts anticipate that FCB Financial will post 3.67 EPS for the current fiscal year.
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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