Keefe, Bruyette & Woods restated their hold rating on shares of FCB Financial Holdings, Inc. (NYSE:FCB) in a report published on Tuesday. They currently have a $51.00 price objective on the bank’s stock.

FCB has been the subject of several other research reports. BidaskClub lowered shares of FCB Financial Holdings from a hold rating to a sell rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of FCB Financial Holdings from a hold rating to a sell rating in a report on Tuesday, September 26th. ValuEngine lowered shares of FCB Financial Holdings from a buy rating to a hold rating in a report on Friday, September 1st. Finally, Royal Bank Of Canada started coverage on shares of FCB Financial Holdings in a report on Monday, July 17th. They set an outperform rating and a $56.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. FCB Financial Holdings has an average rating of Hold and an average target price of $53.40.

FCB Financial Holdings (NYSE FCB) traded up 0.31% during midday trading on Tuesday, hitting $49.00. 240,422 shares of the company were exchanged. The stock has a market capitalization of $2.12 billion, a PE ratio of 17.08 and a beta of 1.34. FCB Financial Holdings has a one year low of $35.55 and a one year high of $50.33. The firm’s 50-day moving average price is $44.70 and its 200-day moving average price is $46.63.

FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The firm had revenue of $83.00 million during the quarter, compared to analyst estimates of $83.47 million. During the same quarter last year, the business earned $0.56 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that FCB Financial Holdings will post $2.76 earnings per share for the current year.

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In other news, insider Les J. Lieberman sold 60,388 shares of FCB Financial Holdings stock in a transaction on Friday, July 28th. The shares were sold at an average price of $47.19, for a total value of $2,849,709.72. Following the completion of the sale, the insider now owns 400,995 shares in the company, valued at approximately $18,922,954.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul A. Novelly sold 1,813 shares of FCB Financial Holdings stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $43.98, for a total transaction of $79,735.74. Following the completion of the sale, the director now owns 2,000 shares of the company’s stock, valued at approximately $87,960. The disclosure for this sale can be found here. Insiders sold a total of 887,518 shares of company stock valued at $40,792,710 in the last quarter. 15.40% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its stake in shares of FCB Financial Holdings by 19.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after acquiring an additional 504 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of FCB Financial Holdings by 5.8% in the 2nd quarter. California State Teachers Retirement System now owns 62,433 shares of the bank’s stock valued at $2,981,000 after acquiring an additional 3,402 shares in the last quarter. M&R Capital Management Inc. increased its stake in shares of FCB Financial Holdings by 600.0% in the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock valued at $152,000 after acquiring an additional 3,000 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of FCB Financial Holdings in the 2nd quarter valued at $109,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of FCB Financial Holdings by 3.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 776,702 shares of the bank’s stock valued at $37,088,000 after acquiring an additional 23,273 shares in the last quarter. Institutional investors own 94.00% of the company’s stock.

About FCB Financial Holdings

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.

Analyst Recommendations for FCB Financial Holdings (NYSE:FCB)

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