November 30, 2016 - By olga
Raymond James has started coverage on shares of FCB Financial (NYSE:FCB) in a note issued to clients and investors on Wednesday morning. The financial firm issued Mkt Perform rating on FCB stock.
Out of 7 analysts covering FCB Financial Holdings (NYSE:FCB), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $44 is the highest target while $36 is the lowest. The $39.67 average target is -9.90% below today’s ($44.03) stock price. FCB Financial Holdings has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Hovde Group downgraded the stock to “Market Perform” rating in Monday, November 14 report. The rating was maintained by Hovde Group with “Outperform” on Monday, August 22. The stock has “Buy” rating given by Gabelli on Thursday, January 7. The firm has “Buy” rating by Deutsche Bank given on Friday, September 23. The rating was maintained by UBS on Friday, October 21 with “Buy”. Deutsche Bank maintained FCB Financial Holdings Inc (NYSE:FCB) on Friday, November 6 with “Buy” rating. The firm has “Buy” rating given on Wednesday, January 27 by Guggenheim.
About 42,231 shares traded hands. FCB Financial Holdings Inc (NYSE:FCB) has risen 23.79% since April 27, 2016 and is uptrending. It has outperformed by 18.57% the S&P500.
Analysts await FCB Financial Holdings Inc (NYSE:FCB) to report earnings on January, 23. They expect $0.61 earnings per share, up 17.31% or $0.09 from last year’s $0.52 per share. FCB’s profit will be $25.35M for 18.05 P/E if the $0.61 EPS becomes a reality. After $0.59 actual earnings per share reported by FCB Financial Holdings Inc for the previous quarter, Wall Street now forecasts 3.39% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.24 in 2016 Q2. Its down 0.20, from 1.44 in 2016Q1. The ratio fall, as 10 funds sold all FCB Financial Holdings Inc shares owned while 47 reduced positions. 31 funds bought stakes while 51 increased positions. They now own 32.21 million shares or 4.40% less from 33.69 million shares in 2016Q1.
Us National Bank De last reported 0% of its portfolio in the stock. Hanseatic Mgmt Ser last reported 0% of its portfolio in the stock. Swiss Bancorporation last reported 0% of its portfolio in the stock. The New York-based Product Prtnrs Limited Liability has invested 0.07% in FCB Financial Holdings Inc (NYSE:FCB). Trexquant Inv Limited Partnership last reported 15,300 shares in the company. Hsbc Holdg Public Limited holds 0% or 23,912 shares in its portfolio. Sheets Smith Wealth Management holds 8,167 shares or 0.08% of its portfolio. Kistler owns 6 shares or 0% of their US portfolio. Taconic Capital Lp has 153,873 shares for 0.8% of their US portfolio. Perkins Llc has 592,111 shares for 0.3% of their US portfolio. The Illinois-based Deere And Communications has invested 0.02% in FCB Financial Holdings Inc (NYSE:FCB). First Trust Advisors L P has 0% invested in the company for 29,970 shares. Sta Wealth Management Limited Liability accumulated 11,080 shares or 0.14% of the stock. Alpenglow Capital Ltd Partnership last reported 323,405 shares in the company. Hennessy Advsrs accumulated 0.12% or 117,500 shares.
FCB Financial Holdings, Inc. is a bank holding firm with one national bank subsidiary, Florida Community Bank, National Association . The company has a market cap of $1.83 billion. The Firm operates in the Community Banking segment. It has a 18.71 P/E ratio. Through the Bank, the Company provides a range of retail and commercial banking services.
According to Zacks Investment Research, “FCB Financial Holdings Inc. is a bank holding company for Florida Community Bank. The Company, through its subsidiaries, operates community banks in Florida, United States. The Bank offers a comprehensive range of traditional banking products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities. FCB Financial Holdings Inc. is headquartered in Weston, Florida.”
FCB Financial Holdings, Inc., incorporated on April 1, 2009, is a bank holding firm with one national bank subsidiary, Florida Community Bank, National Association (the Bank). The Firm operates in the Community Banking segment. Through the Bank, the Company provides a range of retail and commercial banking services. The Firm provides a range of financial services and products to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through approximately 50 branches in south and central Florida. The Firm targets retail clients and commercial clients engaged in various industries, including healthcare and professional services; retail and wholesale trade; tourism; agricultural services; manufacturing; distribution and distribution-related industries; technology; automotive; aviation; food products; building materials; residential housing, and commercial real estate. It also selectively participates in syndicated loans to national credits.
More important recent FCB Financial Holdings Inc (NYSE:FCB) news were published by: Businesswire.com which released: “FCB Financial Holdings, Inc. Sets Earnings Release and Conference Call Date …” on April 04, 2016, also Businesswire.com published article titled: “FCB Financial Holdings, Inc. Sets Earnings Release and Conference Call Date …”, Businesswire.com published: “FCB Financial Holdings, Inc. Announces New Chief Financial Officer” on January 20, 2016. More interesting news about FCB Financial Holdings Inc (NYSE:FCB) was released by: Businesswire.com and their article: “FCB Financial Holdings, Inc. Announces the Pricing of Its Initial Public Offering” with publication date: August 01, 2014.
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