Analysts forecast that FCB Financial Holdings (NYSE:FCB) will post earnings of $0.90 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for FCB Financial’s earnings, with estimates ranging from $0.87 to $0.92. FCB Financial posted earnings per share of $0.71 during the same quarter last year, which would indicate a positive year over year growth rate of 26.8%. The business is scheduled to issue its next earnings report on Tuesday, July 24th.
According to Zacks, analysts expect that FCB Financial will report full-year earnings of $3.68 per share for the current year, with EPS estimates ranging from $3.55 to $3.79. For the next fiscal year, analysts forecast that the firm will report earnings of $4.34 per share, with EPS estimates ranging from $4.15 to $4.62. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for FCB Financial.
FCB Financial (NYSE:FCB) last issued its quarterly earnings results on Tuesday, April 24th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. FCB Financial had a return on equity of 12.40% and a net margin of 29.39%. The company had revenue of $90.81 million for the quarter, compared to analyst estimates of $89.90 million. During the same quarter in the prior year, the company posted $0.64 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year.
FCB has been the topic of a number of recent analyst reports. Zacks Investment Research raised FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research note on Thursday, January 11th. Bank of America increased their price target on FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Royal Bank of Canada reissued a “buy” rating and set a $61.00 price target on shares of FCB Financial in a research note on Wednesday, January 24th. UBS initiated coverage on FCB Financial in a research note on Wednesday, March 21st. They set a “sell” rating and a $48.00 price target on the stock. Finally, ValuEngine raised FCB Financial from a “hold” rating to a “buy” rating in a research report on Saturday, April 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $58.20.
In related news, insider Stuart I. Oran sold 5,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $54.53, for a total value of $272,650.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stuart I. Oran sold 5,417 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.43, for a total value of $300,264.31. The disclosure for this sale can be found here. Insiders sold a total of 162,576 shares of company stock worth $9,271,467 over the last ninety days. Corporate insiders own 9.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FCB. Legal & General Group Plc raised its position in FCB Financial by 29.5% in the third quarter. Legal & General Group Plc now owns 17,912 shares of the bank’s stock valued at $865,000 after purchasing an additional 4,075 shares during the period. Schwab Charles Investment Management Inc. raised its position in FCB Financial by 5.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 175,732 shares of the bank’s stock valued at $8,488,000 after purchasing an additional 9,471 shares during the period. Campbell Newman Asset Management Inc. raised its position in FCB Financial by 22.5% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 12,939 shares of the bank’s stock valued at $657,000 after purchasing an additional 2,375 shares during the period. Victory Capital Management Inc. raised its position in FCB Financial by 5,419.6% in the fourth quarter. Victory Capital Management Inc. now owns 301,592 shares of the bank’s stock valued at $15,321,000 after purchasing an additional 296,128 shares during the period. Finally, Boston Partners raised its position in FCB Financial by 4.8% in the fourth quarter. Boston Partners now owns 890,811 shares of the bank’s stock valued at $45,253,000 after purchasing an additional 40,711 shares during the period. 92.78% of the stock is currently owned by institutional investors.
Shares of FCB Financial stock traded down $0.30 during trading hours on Wednesday, reaching $59.60. 15,286 shares of the company’s stock were exchanged, compared to its average volume of 260,441. FCB Financial has a 52-week low of $59.50 and a 52-week high of $60.25. The firm has a market cap of $2.64 billion, a PE ratio of 19.30, a P/E/G ratio of 0.80 and a beta of 1.32. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.64.
About FCB Financial
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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