FCB Financial (FCB) Earning Somewhat Favorable Press Coverage, Report Finds
Headlines about FCB Financial (NYSE:FCB) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FCB Financial earned a news impact score of 0.09 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.0006995059496 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.
Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 target price on shares of FCB Financial in a report on Tuesday, October 3rd. BidaskClub cut shares of FCB Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of FCB Financial from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $54.00 price objective on shares of FCB Financial in a report on Friday, September 8th. Finally, ValuEngine cut shares of FCB Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. FCB Financial presently has a consensus rating of “Hold” and a consensus price target of $53.40.
FCB Financial (NYSE FCB) traded down $0.50 on Friday, reaching $48.55. 62,063 shares of the company’s stock were exchanged, compared to its average volume of 172,053. FCB Financial has a one year low of $39.90 and a one year high of $50.33. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $2,127.75, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.21 and a beta of 1.30.
FCB Financial (NYSE:FCB) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. The company had revenue of $84.21 million during the quarter, compared to analysts’ expectations of $87.16 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. analysts predict that FCB Financial will post 2.84 earnings per share for the current year.
In other FCB Financial news, Vice Chairman Les J. Lieberman sold 20,093 shares of FCB Financial stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $47.59, for a total value of $956,225.87. Following the completion of the transaction, the insider now owns 322,105 shares of the company’s stock, valued at $15,328,976.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stuart I. Oran sold 5,151 shares of FCB Financial stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $41.94, for a total transaction of $216,032.94. Following the completion of the transaction, the insider now directly owns 12,255 shares of the company’s stock, valued at approximately $513,974.70. The disclosure for this sale can be found here. Insiders sold 350,867 shares of company stock valued at $16,323,437 in the last ninety days. 15.40% of the stock is owned by corporate insiders.
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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