Ratings Don’t Lie: Is FCB Financial (NYSE:FCB) a Buy or a Sell? Learn What Raymond James Thinks

November 30, 2016 - By Nellie Frank

Ratings Don't Lie: Is FCB Financial (NYSE:FCB) a Buy or a Sell? Learn What Raymond James Thinks

How Raymond James Rates FCB Financial (NYSE:FCB)

Raymond James has started coverage on shares of FCB Financial (NYSE:FCB) in a research note revealed on Wednesday, 30 November. The financial firm issued Mkt Perform rating on FCB stock.

FCB Financial Holdings Inc (NYSE:FCB) Ratings Coverage

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 -10.15% below today’s ($44.15) stock price. FCB Financial Holdings has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. UBS maintained FCB Financial Holdings Inc (NYSE:FCB) rating on Friday, October 21. UBS has “Buy” rating and $42 price target. Gabelli initiated FCB Financial Holdings Inc (NYSE:FCB) rating on Thursday, January 7. Gabelli has “Buy” rating and $39.0 price target. The stock of FCB Financial Holdings Inc (NYSE:FCB) earned “Outperform” rating by Hovde Group on Monday, August 22. The rating was downgraded by Hovde Group to “Market Perform” on Monday, November 14. Deutsche Bank maintained FCB Financial Holdings Inc (NYSE:FCB) on Friday, November 6 with “Buy” rating. The firm has “Buy” rating by Guggenheim given on Wednesday, January 27. The rating was maintained by Deutsche Bank on Friday, September 23 with “Buy”.

About 55,090 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 EPS, up 17.31% or $0.09 from last year’s $0.52 per share. FCB’s profit will be $25.28 million for 18.09 P/E if the $0.61 EPS becomes a reality. After $0.59 actual EPS 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 worsened, 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.

Navellier Assocs has 7,000 shares for 0.04% of their US portfolio. Adi Cap Llc accumulated 195,413 shares or 5.12% of the stock. Great West Life Assurance Can last reported 3,500 shares in the company. State Board Of Administration Of Florida Retirement Sys reported 10,645 shares or 0% of all its holdings. Moreover, Fisher Asset Lc has 0.01% invested in FCB Financial Holdings Inc (NYSE:FCB) for 103,481 shares. Wellington Mgmt Group Llp has invested 0.03% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB). Principal Grp has invested 0.01% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB). Blackrock Limited Liability holds 123,776 shares or 0.01% of its portfolio. Rhumbline Advisers has 0% invested in the company for 35,065 shares. Pier Cap Limited Liability Corp holds 0.95% or 153,396 shares in its portfolio. Moreover, California Public Employees Retirement Systems has 0% invested in FCB Financial Holdings Inc (NYSE:FCB) for 10,200 shares. Aqr Capital Mngmt Lc, a Connecticut-based fund reported 31,390 shares. Franklin Resource holds 0.05% or 2.64M shares in its portfolio. Teachers Retirement System Of The State Of Kentucky, a Kentucky-based fund reported 22,350 shares. Deere And holds 8,630 shares or 0.02% of its portfolio.

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 18.76 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 Company Profile

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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