Wall Street brokerages expect FCB Financial Holdings Inc (NYSE:FCB) to post $88.49 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for FCB Financial’s earnings, with the highest sales estimate coming in at $88.57 million and the lowest estimate coming in at $88.40 million. FCB Financial reported sales of $78.99 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, January 23rd.
According to Zacks, analysts expect that FCB Financial will report full-year sales of $88.49 million for the current year, with estimates ranging from $329.90 million to $335.30 million. For the next fiscal year, analysts anticipate that the business will report sales of $391.18 million per share, with estimates ranging from $384.45 million to $397.90 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow FCB Financial.
FCB Financial (NYSE:FCB) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. The company had revenue of $84.21 million for the quarter, compared to the consensus estimate of $87.16 million. During the same period last year, the firm posted $0.60 EPS.
FCB has been the topic of several research reports. Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Tuesday, December 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $54.00 target price on shares of FCB Financial in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 target price on shares of FCB Financial in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $54.60.
FCB Financial (NYSE:FCB) opened at $51.70 on Friday. FCB Financial has a 52-week low of $39.90 and a 52-week high of $54.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94. The stock has a market cap of $2,240.00, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.35.
In other news, insider Stuart I. Oran sold 11,142 shares of FCB Financial stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $47.62, for a total value of $530,582.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas E. Constance sold 1,641 shares of FCB Financial stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $49.00, for a total transaction of $80,409.00. Following the completion of the sale, the director now directly owns 3,641 shares in the company, valued at approximately $178,409. The disclosure for this sale can be found here. In the last ninety days, insiders sold 616,882 shares of company stock worth $31,695,455. Insiders own 15.40% of the company’s stock.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in FCB Financial during the second quarter worth about $109,000. Valeo Financial Advisors LLC purchased a new stake in FCB Financial during the third quarter worth about $146,000. Ameritas Investment Partners Inc. boosted its holdings in FCB Financial by 19.5% during the second quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after buying an additional 504 shares in the last quarter. M&R Capital Management Inc. boosted its holdings in FCB Financial by 600.0% during the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after buying an additional 3,000 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in FCB Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after buying an additional 609 shares in the last quarter. 93.72% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/12/analysts-anticipate-fcb-financial-holdings-inc-fcb-will-post-quarterly-sales-of-88-49-million.html.
FCB Financial 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.
Get a free copy of the Zacks research report on FCB Financial (FCB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for FCB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial and related companies with MarketBeat.com's FREE daily email newsletter.