Equities research analysts expect that FCB Financial Holdings (NYSE:FCB) will post earnings per share (EPS) of $0.83 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for FCB Financial’s earnings, with estimates ranging from $0.81 to $0.86. FCB Financial reported earnings of $0.64 per share in the same quarter last year, which would suggest a positive year over year growth rate of 29.7%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, April 24th.
According to Zacks, analysts expect that FCB Financial will report full year earnings of $3.62 per share for the current year, with EPS estimates ranging from $3.45 to $3.76. For the next financial year, analysts expect that the firm will report earnings of $4.25 per share, with EPS estimates ranging from $3.90 to $4.60. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for FCB Financial.
FCB Financial (NYSE:FCB) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. FCB Financial had a return on equity of 11.64% and a net margin of 30.60%. The company had revenue of $85.85 million for the quarter, compared to analyst estimates of $88.53 million. During the same period in the prior year, the company posted $0.62 EPS.
Several research analysts recently issued reports on FCB shares. ValuEngine raised FCB Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank of Canada reissued a “buy” rating and issued a $61.00 price objective on shares of FCB Financial in a report on Wednesday, January 24th. Bank of America increased their price objective on FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research raised FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, December 26th. Finally, UBS started coverage on FCB Financial in a report on Wednesday, March 21st. They issued a “sell” rating and a $48.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given 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.
In other news, insider Les J. Lieberman sold 147,159 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $57.25, for a total value of $8,424,852.75. Following the sale, the insider now owns 315,356 shares in the company, valued at $18,054,131. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kent S. Ellert sold 13,676 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $56.23, for a total value of $769,001.48. Following the completion of the sale, the chief executive officer now owns 202,787 shares in the company, valued at approximately $11,402,713.01. The disclosure for this sale can be found here. Insiders sold 306,464 shares of company stock worth $17,217,391 over the last three months. Corporate insiders own 9.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Truepoint Inc. boosted its stake in shares of FCB Financial by 316.8% in the fourth quarter. Truepoint Inc. now owns 3,947 shares of the bank’s stock worth $201,000 after buying an additional 3,000 shares during the last quarter. Ranger Investment Management L.P. purchased a new stake in shares of FCB Financial in the fourth quarter worth about $208,000. California Public Employees Retirement System purchased a new stake in shares of FCB Financial in the fourth quarter worth about $262,000. Xact Kapitalforvaltning AB purchased a new stake in shares of FCB Financial in the fourth quarter worth about $266,000. Finally, FDx Advisors Inc. purchased a new stake in shares of FCB Financial in the fourth quarter worth about $311,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.
NYSE:FCB traded up $2.10 during mid-day trading on Friday, hitting $58.10. 405,319 shares of the company’s stock traded hands, compared to its average volume of 416,805. FCB Financial has a twelve month low of $39.90 and a twelve month high of $58.15. The firm has a market capitalization of $2,598.46, a P/E ratio of 17.71, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.93 and a quick ratio of 0.93.
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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.
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