FCB Financial Holdings, Inc. (FCB) Scheduled to Post Earnings on Wednesday

FCB Financial Holdings, Inc. (NYSE:FCB) is scheduled to be releasing its earnings data after the market closes on Wednesday, July 19th. Analysts expect FCB Financial Holdings to post earnings of $0.63 per share for the quarter.

FCB Financial Holdings (NYSE:FCB) last announced its earnings results on Thursday, April 20th. The bank reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.44 million. FCB Financial Holdings had a return on equity of 10.81% and a net margin of 32.07%. FCB Financial Holdings’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. On average, analysts expect FCB Financial Holdings to post $2.66 EPS for the current fiscal year and $3.22 EPS for the next fiscal year.

FCB Financial Holdings, Inc. (NYSE FCB) opened at 47.80 on Tuesday. The firm has a market capitalization of $2.04 billion, a P/E ratio of 17.98 and a beta of 1.31. FCB Financial Holdings, Inc. has a one year low of $34.24 and a one year high of $50.33. The stock has a 50 day moving average price of $46.82 and a 200 day moving average price of $47.50.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, March 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 price target on shares of FCB Financial Holdings in a research report on Wednesday, April 5th. Deutsche Bank AG reiterated a “buy” rating and set a $57.00 price target (up previously from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. BidaskClub lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, ValuEngine upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $51.83.

In related news, Director Alan S. Bernikow sold 5,870 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $49.00, for a total transaction of $287,630.00. Following the sale, the director now owns 10,070 shares in the company, valued at approximately $493,430. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vincent Tese sold 31,278 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $48.25, for a total transaction of $1,509,163.50. Following the sale, the insider now owns 408,369 shares in the company, valued at approximately $19,703,804.25. The disclosure for this sale can be found here. Insiders have sold a total of 629,368 shares of company stock worth $30,053,486 in the last quarter. 15.40% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://transcriptdaily.com/2017/07/18/fcb-financial-holdings-inc-fcb-scheduled-to-post-earnings-on-wednesday.html.

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.

Earnings History for FCB Financial Holdings (NYSE:FCB)

Receive News & Ratings for FCB Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply