FCB Financial (FCB) Receiving Somewhat Favorable Press Coverage, Study Finds

News articles about FCB Financial (NYSE:FCB) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. FCB Financial earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.2797084167435 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment’s analysis:

Shares of FCB Financial (FCB) opened at $55.70 on Friday. The firm has a market cap of $2,432.47, a P/E ratio of 20.40, a P/E/G ratio of 0.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93. FCB Financial has a 52-week low of $39.90 and a 52-week high of $57.20.

FCB Financial (NYSE:FCB) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $85.85 million for the quarter, compared to the consensus estimate of $88.53 million. FCB Financial had a net margin of 30.60% and a return on equity of 11.82%. During the same period last year, the company posted $0.62 EPS. research analysts predict that FCB Financial will post 3.62 earnings per share for the current fiscal year.

A number of analysts recently weighed in on FCB shares. Zacks Investment Research upgraded shares of FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday, December 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $61.00 price target on shares of FCB Financial in a research report on Wednesday, January 24th. Finally, Bank of America increased their price target on shares of FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. FCB Financial presently has an average rating of “Buy” and a consensus target price of $59.20.

In other FCB Financial news, CEO Kent S. Ellert sold 16,206 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $50.48, for a total transaction of $818,078.88. Following the sale, the chief executive officer now directly owns 156,375 shares in the company, valued at approximately $7,893,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederic V. Salerno sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $48.48, for a total transaction of $969,600.00. Following the sale, the director now owns 24,200 shares in the company, valued at $1,173,216. The disclosure for this sale can be found here. Insiders have sold a total of 866,089 shares of company stock worth $45,866,546 over the last 90 days. Corporate insiders own 15.40% of the company’s stock.

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FCB Financial 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.

Insider Buying and Selling by Quarter for FCB Financial (NYSE:FCB)

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