FCB Financial (FCB) Sets New 12-Month High and Low at $62.15

Shares of FCB Financial Holdings (NYSE:FCB) reached a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $62.15 and last traded at $61.40, with a volume of 232958 shares. The stock had previously closed at $61.60.

FCB has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “buy” rating on shares of FCB Financial in a research note on Thursday, April 26th. Zacks Investment Research upgraded shares of FCB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. ValuEngine upgraded shares of FCB Financial from a “hold” rating to a “buy” rating in a research note on Saturday, April 21st. Finally, UBS initiated coverage on shares of FCB Financial in a research note on Wednesday, March 21st. They issued a “sell” rating and a $48.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $58.20.

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The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 0.83 and a beta of 1.32.

FCB Financial (NYSE:FCB) last posted its quarterly earnings data on Tuesday, April 24th. The bank reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.03. The firm had revenue of $90.81 million for the quarter, compared to analysts’ expectations of $89.90 million. FCB Financial had a net margin of 29.39% and a return on equity of 12.00%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.64 EPS. analysts forecast that FCB Financial Holdings will post 3.68 earnings per share for the current year.

In other news, insider Les J. Lieberman sold 147,159 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $57.25, for a total transaction of $8,424,852.75. Following the sale, the insider now owns 315,356 shares in the company, valued at approximately $18,054,131. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald Luterman sold 5,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $54.74, for a total transaction of $273,700.00. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Patriot Financial Partners GP LP purchased a new stake in shares of FCB Financial during the 1st quarter valued at $3,646,000. Principal Financial Group Inc. raised its position in shares of FCB Financial by 10.1% during the 1st quarter. Principal Financial Group Inc. now owns 28,315 shares of the bank’s stock valued at $1,447,000 after buying an additional 2,597 shares in the last quarter. Xact Kapitalforvaltning AB raised 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 buying an additional 1,700 shares in the last quarter. Hudson Executive Capital LP raised its position in shares of FCB Financial by 176.7% during the 1st quarter. Hudson Executive Capital LP now owns 119,000 shares of the bank’s stock valued at $6,081,000 after buying an additional 76,000 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of FCB Financial during the 1st quarter valued at $1,222,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

About FCB Financial

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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