FCB Financial Holdings Inc (FCB) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
FCB Financial Holdings Inc (NYSE:FCB) announced its earnings results on Thursday. The bank reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. FCB Financial Holdings had a return on equity of 10.77% and a net margin of 28.63%. The company had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $80.44 million. During the same period last year, the firm earned $0.53 EPS. FCB Financial Holdings’s revenue for the quarter was up 16.0% compared to the same quarter last year.
Shares of FCB Financial Holdings (NYSE:FCB) traded up 2.00% during trading on Thursday, reaching $48.45. The company had a trading volume of 202,018 shares. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 20.97 and a beta of 1.38. FCB Financial Holdings has a 1-year low of $31.98 and a 1-year high of $50.33. The company’s 50 day moving average is $48.32 and its 200-day moving average is $44.90.
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In related news, insider Stuart I. Oran sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $47.75, for a total transaction of $143,250.00. Following the completion of the transaction, the insider now owns 10,104 shares in the company, valued at approximately $482,466. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stuart I. Oran sold 4,000 shares of the company’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $45.24, for a total transaction of $180,960.00. Following the transaction, the insider now owns 9,104 shares of the company’s stock, valued at approximately $411,864.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 497,377 shares of company stock valued at $23,386,933. Insiders own 17.70% of the company’s stock.
FCB has been the topic of a number of recent research reports. Zacks Investment Research raised FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Monday, December 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $52.00 target price on shares of FCB Financial Holdings in a report on Wednesday, April 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.50.
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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