FCB Financial (FCB) Upgraded at ValuEngine
ValuEngine upgraded shares of FCB Financial (NYSE:FCB) from a sell rating to a hold rating in a report published on Wednesday morning.
A number of other brokerages have also recently issued reports on FCB. Royal Bank of Canada reissued a buy rating on shares of FCB Financial in a report on Thursday, April 26th. Zacks Investment Research raised shares of FCB Financial from a hold rating to a buy rating and set a $66.00 target price on the stock in a report on Monday, May 7th. Gabelli cut shares of FCB Financial from a buy rating to a hold rating in a report on Wednesday, July 25th. UBS Group raised shares of FCB Financial from a sell rating to a neutral rating and raised their target price for the stock from $50.00 to $54.00 in a report on Thursday, July 26th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $61.00 target price on shares of FCB Financial in a report on Wednesday, August 8th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $56.50.
NYSE FCB traded up $0.30 during trading hours on Wednesday, reaching $52.45. The company’s stock had a trading volume of 295,772 shares, compared to its average volume of 359,250. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.64. FCB Financial has a 52 week low of $39.90 and a 52 week high of $62.95. The stock has a market capitalization of $2.39 billion, a P/E ratio of 15.99, a P/E/G ratio of 0.79 and a beta of 1.19.
Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of FCB Financial by 1.3% in the first quarter. JPMorgan Chase & Co. now owns 1,333,153 shares of the bank’s stock valued at $68,124,000 after purchasing an additional 17,473 shares during the period. Patriot Financial Partners GP LP acquired a new stake in shares of FCB Financial in the first quarter valued at approximately $3,646,000. Eagle Asset Management Inc. increased its stake in shares of FCB Financial by 9.5% in the first quarter. Eagle Asset Management Inc. now owns 344,327 shares of the bank’s stock valued at $17,595,000 after purchasing an additional 29,788 shares during the period. Citadel Advisors LLC increased its stake in shares of FCB Financial by 4.9% in the first quarter. Citadel Advisors LLC now owns 642,355 shares of the bank’s stock valued at $32,824,000 after purchasing an additional 29,959 shares during the period. Finally, Swiss National Bank increased its stake in shares of FCB Financial by 2.4% in the first quarter. Swiss National Bank now owns 71,800 shares of the bank’s stock valued at $3,669,000 after purchasing an additional 1,700 shares during the period. Institutional investors own 91.53% of the company’s stock.
FCB Financial Company Profile
FCB Financial Holdings, Inc operates as the bank holding company for Florida Community Bank, N.A. that provides various financial products and services to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company offers various deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificates of deposit; checking products; and money market accounts and IRAs.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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