Zacks Investment Research upgraded shares of FCB Financial Holdings, Inc. (NYSE:FCB) from a hold rating to a buy rating in a research report released on Friday. They currently have $53.00 price objective on the bank’s stock.

According to Zacks, “FCB Financial Holdings Inc. is a bank holding company for Florida Community Bank. The Company, through its subsidiaries, operates community banks in Florida, United States. The Bank offers a comprehensive range of traditional banking products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities. FCB Financial Holdings Inc. is headquartered in Weston, Florida. “

Other analysts also recently issued research reports about the company. Deutsche Bank AG reissued a buy rating and set a $57.00 target price (up previously from $56.00) on shares of FCB Financial Holdings in a research note on Sunday, April 23rd. ValuEngine upgraded FCB Financial Holdings from a hold rating to a buy rating in a report on Thursday, July 6th. BidaskClub cut FCB Financial Holdings from a buy rating to a hold rating in a report on Saturday, June 24th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $52.00 target price on shares of FCB Financial Holdings in a report on Wednesday, April 5th. Finally, Royal Bank Of Canada initiated coverage on FCB Financial Holdings in a report on Monday, July 17th. They issued an outperform rating and a $56.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. FCB Financial Holdings currently has an average rating of Hold and an average target price of $51.67.

Shares of FCB Financial Holdings (FCB) opened at 47.15 on Friday. The company has a market capitalization of $2.04 billion, a PE ratio of 16.44 and a beta of 1.31. The stock’s 50 day moving average price is $47.45 and its 200 day moving average price is $47.53. FCB Financial Holdings has a 12 month low of $34.24 and a 12 month high of $50.33.

FCB Financial Holdings (NYSE:FCB) last issued its earnings results 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 company had revenue of $83 million for the quarter, compared to the consensus estimate of $83.47 million. FCB Financial Holdings had a return on equity of 11.43% and a net margin of 33.95%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS. On average, analysts forecast that FCB Financial Holdings will post $2.80 EPS for the current year.

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In related news, insider Les J. Lieberman sold 12,153 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $47.24, for a total transaction of $574,107.72. Following the completion of the transaction, the insider now owns 304,460 shares in the company, valued at approximately $14,382,690.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Les J. Lieberman sold 60,388 shares of the business’s 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 transaction, the insider now owns 400,995 shares of the company’s stock, valued at approximately $18,922,954.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 411,462 shares of company stock valued at $19,466,258. 15.40% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Clinton Group Inc. raised its position in FCB Financial Holdings by 0.9% in the first quarter. Clinton Group Inc. now owns 18,177 shares of the bank’s stock valued at $901,000 after buying an additional 169 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of FCB Financial Holdings by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 28,660 shares of the bank’s stock valued at $1,420,000 after buying an additional 285 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of FCB Financial Holdings by 16.7% in the first quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock valued at $171,000 after buying an additional 494 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of FCB Financial Holdings by 6.6% in the first quarter. Suntrust Banks Inc. now owns 8,795 shares of the bank’s stock valued at $435,000 after buying an additional 544 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock valued at $168,000 after buying an additional 649 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

FCB Financial Holdings Company Profile

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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Analyst Recommendations for FCB Financial Holdings (NYSE:FCB)

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