FCB Financial (FCB) Earning Somewhat Favorable Press Coverage, Analysis Shows
News headlines about FCB Financial (NYSE:FCB) have trended somewhat positive on Tuesday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FCB Financial earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.4153060299393 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- FCB Financial Holdings, Inc. (FCB) Chairman Vincent Tese Sells 219,554 Shares (americanbankingnews.com)
- $88.49 Million in Sales Expected for FCB Financial Holdings, Inc. (FCB) This Quarter (americanbankingnews.com)
- Gabelli Equities Analysts Increase Earnings Estimates for FCB Financial Holdings, Inc. (FCB) (americanbankingnews.com)
- Insider Selling: FCB Financial Holdings, Inc. (FCB) Insider Sells 37,744 Shares of Stock (americanbankingnews.com)
- Stocks Generating Improved Relative Strength: FCB Financial (finance.yahoo.com)
Shares of FCB Financial (NYSE FCB) traded down $1.40 during mid-day trading on Tuesday, reaching $51.20. The company had a trading volume of 207,497 shares, compared to its average volume of 242,235. The stock has a market capitalization of $2,220.00, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.30 and a beta of 1.36. FCB Financial has a 12 month low of $39.90 and a 12 month high of $54.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94.
FCB Financial (NYSE:FCB) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. The company had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $87.16 million. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. During the same period in the prior year, the firm earned $0.60 earnings per share. equities research analysts predict that FCB Financial will post 2.84 earnings per share for the current year.
Several equities analysts have recently issued reports on FCB shares. Royal Bank Of Canada reissued a “buy” rating and set a $54.00 target price on shares of FCB Financial in a research note on Wednesday, October 25th. ValuEngine cut FCB Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised FCB Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 target price on shares of FCB Financial in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. FCB Financial has an average rating of “Hold” and a consensus price target of $53.40.
In related news, Director Alan S. Bernikow sold 44,130 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $49.00, for a total value of $2,162,370.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Vincent Tese sold 20,174 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $47.59, for a total value of $960,080.66. Following the completion of the sale, the chairman now directly owns 412,993 shares in the company, valued at $19,654,336.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 628,161 shares of company stock worth $30,890,304. 15.40% of the stock is owned by insiders.
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About FCB Financial
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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