Equities research analysts expect that FCB Financial Holdings Inc (NYSE:FCB) will report sales of $90.54 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for FCB Financial’s earnings. The highest sales estimate is $90.87 million and the lowest is $90.20 million. FCB Financial reported sales of $79.66 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.7%. The firm is scheduled to issue its next earnings report on Thursday, April 19th.

On average, analysts expect that FCB Financial will report full year sales of $90.54 million for the current fiscal year, with estimates ranging from $391.01 million to $393.10 million. For the next fiscal year, analysts anticipate that the business will report sales of $449.22 million per share, with estimates ranging from $445.00 million to $454.40 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for FCB Financial.

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FCB Financial (NYSE:FCB) last released its earnings results on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. FCB Financial had a net margin of 30.60% and a return on equity of 11.64%. The company had revenue of $85.85 million for the quarter, compared to analyst estimates of $88.53 million. During the same quarter last year, the firm earned $0.62 EPS.

Several equities research analysts have weighed in on FCB shares. Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Tuesday, December 26th. Bank of America increased their price target on shares of FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $61.00 price target on shares of FCB Financial in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.20.

In other FCB Financial news, Director Frederic V. Salerno sold 20,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $51.13, for a total transaction of $1,022,600.00. Following the completion of the sale, the director now owns 24,200 shares of the company’s stock, valued at approximately $1,237,346. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kent S. Ellert sold 13,318 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $51.80, for a total transaction of $689,872.40. Following the sale, the chief executive officer now directly owns 147,301 shares of the company’s stock, valued at approximately $7,630,191.80. The disclosure for this sale can be found here. Insiders have sold a total of 657,067 shares of company stock valued at $35,684,272 in the last three months. 15.40% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of FCB. Valeo Financial Advisors LLC purchased a new stake in shares of FCB Financial in the 3rd quarter worth about $146,000. Truepoint Inc. lifted its position in shares of FCB Financial by 316.8% in the 4th 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 period. Brown Advisory Inc. purchased a new stake in shares of FCB Financial in the 3rd quarter worth about $206,000. Ranger Investment Management L.P. purchased a new stake in shares of FCB Financial in the 4th quarter worth about $208,000. Finally, California Public Employees Retirement System purchased a new stake in shares of FCB Financial in the 4th quarter worth about $262,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

FCB Financial (FCB) traded down $0.10 during mid-day trading on Wednesday, hitting $56.00. 271,117 shares of the company traded hands, compared to its average volume of 202,476. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.93 and a current ratio of 0.93. FCB Financial has a 52 week low of $39.90 and a 52 week high of $57.90. The company has a market cap of $2,509.00, a price-to-earnings ratio of 20.55, a P/E/G ratio of 0.86 and a beta of 1.32.

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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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Earnings History and Estimates for FCB Financial (NYSE:FCB)

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