FCB Financial Holdings, Inc. (NYSE:FCB) has been assigned an average rating of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $54.00.

FCB has been the topic of several recent analyst reports. Royal Bank Of Canada began coverage on shares of FCB Financial Holdings in a research note on Monday, July 17th. They set an “outperform” rating and a $56.00 price objective on the stock. Zacks Investment Research raised shares of FCB Financial Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub downgraded shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $57.00 price target (up previously from $56.00) on shares of FCB Financial Holdings in a research note on Sunday, April 23rd.

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In related news, insider Vincent Tese sold 9,804 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $47.12, for a total transaction of $461,964.48. Following the completion of the sale, the insider now directly owns 394,634 shares of the company’s stock, valued at approximately $18,595,154.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Les J. Lieberman sold 10,454 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $47.10, for a total transaction of $492,383.40. Following the sale, the insider now directly owns 310,599 shares of the company’s stock, valued at $14,629,212.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 596,649 shares of company stock valued at $28,118,048. Company insiders own 15.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FCB. BlackRock Inc. raised its position in shares of FCB Financial Holdings by 11,599.9% in the first quarter. BlackRock Inc. now owns 2,251,886 shares of the bank’s stock valued at $111,582,000 after buying an additional 2,232,639 shares in the last quarter. Wellington Management Group LLP raised its position in shares of FCB Financial Holdings by 66.6% in the first quarter. Wellington Management Group LLP now owns 1,606,383 shares of the bank’s stock valued at $79,596,000 after buying an additional 641,937 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of FCB Financial Holdings by 34.1% in the first quarter. JPMorgan Chase & Co. now owns 1,672,170 shares of the bank’s stock valued at $82,857,000 after buying an additional 425,549 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of FCB Financial Holdings by 217.4% in the second quarter. TimesSquare Capital Management LLC now owns 532,600 shares of the bank’s stock valued at $25,432,000 after buying an additional 364,800 shares in the last quarter. Finally, State Street Corp raised its position in shares of FCB Financial Holdings by 26.1% in the first quarter. State Street Corp now owns 1,090,544 shares of the bank’s stock valued at $54,036,000 after buying an additional 226,033 shares in the last quarter. 95.44% of the stock is owned by institutional investors and hedge funds.

Shares of FCB Financial Holdings (NYSE FCB) opened at 44.25 on Friday. The firm has a market cap of $1.92 billion, a P/E ratio of 15.42 and a beta of 1.29. FCB Financial Holdings has a 12-month low of $35.55 and a 12-month high of $50.33. The company has a 50-day moving average of $47.25 and a 200 day moving average of $47.52.

FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. The business had revenue of $83 million for the quarter, compared to the consensus estimate of $83.47 million. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Equities research analysts anticipate that FCB Financial Holdings will post $2.80 earnings per share for the current fiscal year.

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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