Zacks: Brokerages Anticipate FCB Financial Holdings Inc (FCB) Will Post Earnings of $0.84 Per Share
Equities analysts expect FCB Financial Holdings Inc (NYSE:FCB) to announce $0.84 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for FCB Financial’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.82. FCB Financial reported earnings per share of $0.64 in the same quarter last year, which indicates a positive year over year growth rate of 31.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 19th.
According to Zacks, analysts expect that FCB Financial will report full-year earnings of $3.62 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.75. For the next fiscal year, analysts expect that the company will report earnings of $4.21 per share, with EPS estimates ranging from $3.90 to $4.46. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover FCB Financial.
FCB Financial (NYSE:FCB) last released its earnings results on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. FCB Financial had a return on equity of 11.82% and a net margin of 30.60%. The firm had revenue of $85.85 million for the quarter, compared to analysts’ expectations of $88.53 million. During the same period in the prior year, the firm posted $0.62 earnings per share.
FCB Financial (NYSE:FCB) traded up $1.00 during midday trading on Tuesday, hitting $53.25. The stock had a trading volume of 176,227 shares, compared to its average volume of 201,289. FCB Financial has a 52-week low of $39.90 and a 52-week high of $57.20. The stock has a market capitalization of $2,372.34, a PE ratio of 19.51, a P/E/G ratio of 0.78 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94.
In related news, insider Stuart I. Oran sold 11,142 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $47.85, for a total transaction of $533,144.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Vincent Tese sold 219,554 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $52.85, for a total value of $11,603,428.90. Following the sale, the chairman now directly owns 393,818 shares in the company, valued at $20,813,281.30. The disclosure for this sale can be found here. Insiders have sold 868,455 shares of company stock worth $45,907,185 over the last ninety days. 15.40% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new position in FCB Financial in the second quarter worth about $109,000. Valeo Financial Advisors LLC purchased a new position in FCB Financial in the third quarter worth about $146,000. Ameritas Investment Partners Inc. boosted 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 purchasing an additional 504 shares during the last quarter. M&R Capital Management Inc. boosted 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 purchasing an additional 3,000 shares during the last quarter. Finally, Truepoint Inc. boosted its position in 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 purchasing an additional 3,000 shares during the last quarter. 92.47% of the stock is currently owned by institutional investors and hedge funds.
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.
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.