Equities analysts expect FCB Financial Holdings, Inc. (NYSE:FCB) to post $88.49 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for FCB Financial Holdings’ earnings, with the highest sales estimate coming in at $88.57 million and the lowest estimate coming in at $88.40 million. FCB Financial Holdings reported sales of $78.99 million during the same quarter last year, which indicates a positive year over year growth rate of 12%. The company is expected to issue its next earnings results on Wednesday, January 24th.
According to Zacks, analysts expect that FCB Financial Holdings will report full year sales of $88.49 million for the current financial year, with estimates ranging from $332.90 million to $335.30 million. For the next financial year, analysts anticipate that the firm will post sales of $387.48 million per share, with estimates ranging from $384.45 million to $391.90 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow FCB Financial Holdings.
FCB Financial Holdings (NYSE:FCB) last issued its earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. The business had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $87.16 million. FCB Financial Holdings had a return on equity of 11.70% and a net margin of 34.09%. During the same period in the previous year, the firm posted $0.60 EPS.
A number of analysts recently issued reports on the stock. ValuEngine upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of FCB Financial Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Royal Bank Of Canada assumed coverage on shares of FCB Financial Holdings in a research report on Monday, July 17th. They set an “outperform” rating and a $56.00 target price on the stock. BidaskClub lowered shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 target price on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. FCB Financial Holdings has a consensus rating of “Hold” and a consensus target price of $53.40.
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FCB Financial Holdings (FCB) traded down 0.53% on Tuesday, reaching $47.35. The company had a trading volume of 285,688 shares. FCB Financial Holdings has a 52-week low of $35.55 and a 52-week high of $50.33. The stock has a 50 day moving average price of $46.29 and a 200 day moving average price of $46.55. The stock has a market capitalization of $2.05 billion, a PE ratio of 16.50 and a beta of 1.34.
In other FCB Financial Holdings news, insider Stuart I. Oran sold 11,142 shares of FCB Financial Holdings stock in a transaction on Friday, October 20th. The shares were sold at an average price of $47.36, for a total value of $527,685.12. Following the transaction, the insider now owns 18,246 shares in the company, valued at approximately $864,130.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kent S. Ellert sold 19,950 shares of FCB Financial Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.21, for a total transaction of $941,839.50. Following the completion of the transaction, the chief executive officer now owns 151,766 shares in the company, valued at approximately $7,164,872.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 865,526 shares of company stock worth $39,857,541. 15.40% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new position in shares of FCB Financial Holdings in the 2nd quarter valued at $502,000. UBS Asset Management Americas Inc. boosted its holdings in shares of FCB Financial Holdings by 9.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,221 shares of the bank’s stock valued at $1,061,000 after purchasing an additional 1,899 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of FCB Financial Holdings by 23.6% in the 1st quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock valued at $168,000 after purchasing an additional 649 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of FCB Financial Holdings by 2.6% in the 2nd quarter. Whittier Trust Co. now owns 50,389 shares of the bank’s stock valued at $2,406,000 after purchasing an additional 1,278 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of FCB Financial Holdings by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock valued at $140,048,000 after purchasing an additional 101,061 shares during the last quarter. Institutional investors own 93.73% of the company’s stock.
FCB Financial Holdings Company Profile
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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