Equities analysts predict that FCB Financial Holdings, Inc. (NYSE:FCB) will announce earnings of $0.74 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for FCB Financial Holdings’ earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.73. FCB Financial Holdings posted earnings per share of $0.62 in the same quarter last year, which indicates a positive year over year growth rate of 19.4%. The company is scheduled to announce its next quarterly earnings results on Wednesday, January 24th.
On average, analysts expect that FCB Financial Holdings will report full-year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.84 to $2.85. For the next fiscal year, analysts forecast that the company will post earnings of $3.18 per share, with EPS estimates ranging from $3.15 to $3.21. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover FCB Financial Holdings.
FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings data 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 firm had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $87.16 million. FCB Financial Holdings had a net margin of 34.09% and a return on equity of 11.70%. During the same period in the prior year, the firm earned $0.60 earnings per share.
Several brokerages have recently commented on FCB. Zacks Investment Research upgraded shares of FCB Financial Holdings from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price objective on shares of FCB Financial Holdings in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub cut shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada began coverage on shares of FCB Financial Holdings in a research report on Monday, July 17th. They set an “outperform” rating and a $56.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $53.40.
In other news, Vice Chairman Les J. Lieberman sold 10,454 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $47.10, for a total value of $492,383.40. Following the sale, the insider now directly owns 310,599 shares of the company’s stock, valued at approximately $14,629,212.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stuart I. Oran sold 11,142 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $47.36, for a total transaction of $527,685.12. Following the completion of the sale, the insider now directly owns 18,246 shares in the company, valued at $864,130.56. The disclosure for this sale can be found here. Insiders have sold a total of 865,526 shares of company stock worth $39,857,541 over the last three months. Insiders own 15.40% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of FCB Financial Holdings by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock valued at $147,518,000 after purchasing an additional 262,969 shares during the last quarter. BlackRock Inc. lifted its position in shares of FCB Financial Holdings by 6.8% during the 2nd quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock valued at $114,862,000 after acquiring an additional 153,627 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of FCB Financial Holdings by 12.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,283,526 shares of the bank’s stock valued at $61,289,000 after acquiring an additional 137,471 shares during the period. State Street Corp lifted its position in shares of FCB Financial Holdings by 26.1% during the 1st quarter. State Street Corp now owns 1,090,544 shares of the bank’s stock valued at $54,036,000 after acquiring an additional 226,033 shares during the period. Finally, Boston Partners lifted its position in shares of FCB Financial Holdings by 1.2% during the 2nd quarter. Boston Partners now owns 823,113 shares of the bank’s stock valued at $39,304,000 after acquiring an additional 9,869 shares during the period. 93.73% of the stock is currently owned by institutional investors.
Shares of FCB Financial Holdings (FCB) traded down 0.53% during mid-day trading on Friday, reaching $47.35. 285,688 shares of the company’s stock traded hands. The firm 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 cap of $2.05 billion, a PE ratio of 16.50 and a beta of 1.34. FCB Financial Holdings has a 12 month low of $35.55 and a 12 month high of $50.33.
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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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