Published On: Fri, Sep 23rd, 2016

FCB Financial Holdings Inc. (FCB) Given New $44.00 Price Target at Deutsche Bank AG

FCB Financial Holdings Inc. (NYSE:FCB) had its target price boosted by Deutsche Bank AG from $41.00 to $44.00 in a report issued on Friday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price target points to a potential upside of 14.02% from the stock’s previous close.
A number of other equities analysts have also weighed in on FCB. Zacks Investment Research lowered FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Bank of America Corp. reiterated a “buy” rating on shares of FCB Financial Holdings in a research note on Monday, June 6th. Hovde Group lifted their price objective on FCB Financial Holdings from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of FCB Financial Holdings in a research note on Sunday, July 10th. Finally, TheStreet upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. FCB Financial Holdings has a consensus rating of “Buy” and a consensus price target of $41.00.

Shares of FCB Financial Holdings (NYSE:FCB) traded up 2.060% during midday trading on Friday, reaching $39.385. The company’s stock had a trading volume of 109,740 shares. The stock’s 50 day moving average price is $37.68 and its 200 day moving average price is $35.16. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 17.685 and a beta of 1.23. FCB Financial Holdings has a one year low of $28.64 and a one year high of $39.39.

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FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. FCB Financial Holdings had a return on equity of 10.21% and a net margin of 30.51%. Analysts predict that FCB Financial Holdings will post $2.24 earnings per share for the current year.
In related news, Director Paul A. Novelly sold 1,287 shares of FCB Financial Holdings stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $35.70, for a total value of $45,945.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul A. Novelly sold 14,885 shares of FCB Financial Holdings stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $36.00, for a total value of $535,860.00. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in shares of FCB Financial Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,644 shares of the company’s stock valued at $158,000 after buying an additional 562 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of FCB Financial Holdings during the second quarter valued at $221,000. BlackRock Inc. boosted its position in shares of FCB Financial Holdings by 248.3% in the second quarter. BlackRock Inc. now owns 7,499 shares of the company’s stock valued at $255,000 after buying an additional 5,346 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of FCB Financial Holdings by 13.3% in the second quarter. Suntrust Banks Inc. now owns 7,886 shares of the company’s stock valued at $268,000 after buying an additional 925 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of FCB Financial Holdings by 316.8% in the second quarter. Royal Bank of Canada now owns 8,720 shares of the company’s stock valued at $297,000 after buying an additional 6,628 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.
About FCB Financial Holdings
FCB Financial Holdings, Inc is a bank holding company with one wholly owned national bank subsidiary, Florida Community Bank, N.A. The Bank provides financial products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through approximately 52 branches in south and central Florida.

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