FY2017 EPS Estimates for FCB Financial Holdings Inc Decreased by Analyst (FCB)
FCB Financial Holdings Inc (NYSE:FCB) – Equities researchers at Gabelli lowered their FY2017 earnings per share (EPS) estimates for shares of FCB Financial in a research report issued on Friday. Gabelli analyst S. Comery now anticipates that the bank will earn $2.80 per share for the year, down from their prior forecast of $2.85.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded 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 note on Tuesday, December 26th. Royal Bank of Canada reiterated a “buy” rating and set a $54.00 price objective on shares of FCB Financial in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price objective on shares of FCB Financial in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. FCB Financial has a consensus rating of “Buy” and an average price target of $56.00.
FCB Financial (NYSE FCB) opened at $55.75 on Monday. FCB Financial has a 12 month low of $39.90 and a 12 month high of $56.55. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. The company has a market cap of $2,446.03, a P/E ratio of 18.83, a P/E/G ratio of 0.90 and a beta of 1.35.
FCB Financial (NYSE:FCB) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, beating the Zacks’ 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 business had revenue of $84.21 million for the quarter, compared to analyst estimates of $87.16 million. During the same quarter last year, the business earned $0.60 earnings per share.
In other FCB Financial news, CEO Kent S. Ellert sold 21,938 shares of FCB Financial stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $53.74, for a total value of $1,178,948.12. Following the transaction, the chief executive officer now owns 230,509 shares in the company, valued at $12,387,553.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Les J. Lieberman sold 7,407 shares of FCB Financial stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $51.74, for a total transaction of $383,238.18. Following the completion of the transaction, the insider now owns 305,605 shares in the company, valued at approximately $15,812,002.70. The disclosure for this sale can be found here. Insiders have sold 714,384 shares of company stock worth $36,869,492 in the last quarter. Company insiders own 15.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of FCB. Tower Research Capital LLC TRC acquired a new position in FCB Financial in the second quarter worth approximately $109,000. Valeo Financial Advisors LLC acquired a new position in FCB Financial in the third quarter worth approximately $146,000. Ameritas Investment Partners Inc. grew its position in FCB Financial by 19.5% in 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 during the last quarter. M&R Capital Management Inc. grew its position in FCB Financial by 600.0% in 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 during the last quarter. Finally, Victory Capital Management Inc. grew its position in FCB Financial by 17.6% in 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 during the last quarter. Hedge funds and other institutional investors own 93.72% of the company’s stock.
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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