Macquarie Group Ltd. Raises Holdings in FCB Financial Holdings Inc (FCB)

Macquarie Group Ltd. raised its position in FCB Financial Holdings Inc (NYSE:FCB) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 629,811 shares of the bank’s stock after buying an additional 57,082 shares during the quarter. Macquarie Group Ltd. owned 1.35% of FCB Financial worth $37,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FCB. Janney Capital Management LLC lifted its position in shares of FCB Financial by 10.2% during the 2nd quarter. Janney Capital Management LLC now owns 10,901 shares of the bank’s stock valued at $641,000 after acquiring an additional 1,008 shares during the period. Barclays PLC lifted its position in shares of FCB Financial by 5.9% during the 1st quarter. Barclays PLC now owns 20,569 shares of the bank’s stock valued at $1,051,000 after acquiring an additional 1,143 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of FCB Financial by 31.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,634 shares of the bank’s stock valued at $331,000 after acquiring an additional 1,361 shares during the period. Amalgamated Bank lifted its position in shares of FCB Financial by 32.2% during the 2nd quarter. Amalgamated Bank now owns 6,381 shares of the bank’s stock valued at $375,000 after acquiring an additional 1,553 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its position in shares of FCB Financial by 32.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 6,930 shares of the bank’s stock valued at $354,000 after acquiring an additional 1,700 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FCB stock opened at $49.55 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.64. FCB Financial Holdings Inc has a twelve month low of $43.10 and a twelve month high of $62.95. The firm has a market cap of $2.32 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 0.77 and a beta of 1.17.

FCB Financial (NYSE:FCB) last announced its quarterly earnings data on Tuesday, July 24th. The bank reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03. FCB Financial had a return on equity of 12.54% and a net margin of 29.07%. The business had revenue of $98.77 million during the quarter, compared to the consensus estimate of $99.74 million. During the same period in the prior year, the company earned $0.71 EPS. research analysts expect that FCB Financial Holdings Inc will post 3.69 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the company. ValuEngine upgraded FCB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, August 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $61.00 price objective on shares of FCB Financial in a research report on Wednesday, August 8th. Deutsche Bank downgraded FCB Financial from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $66.00 to $44.00 in a research report on Monday, July 30th. Finally, UBS Group upgraded FCB Financial from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $50.00 to $54.00 in a research report on Thursday, July 26th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. FCB Financial has a consensus rating of “Hold” and an average target price of $56.50.

FCB Financial Profile

FCB Financial Holdings, Inc operates as the bank holding company for Florida Community Bank, N.A. that provides various financial products and services to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company offers various deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificates of deposit; checking products; and money market accounts and IRAs.

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Institutional Ownership by Quarter for FCB Financial (NYSE:FCB)

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