Chicago Partners Investment Group LLC purchased a new position in shares of FCB Financial Holdings Inc (NYSE:FCB) during the third quarter, HoldingsChannel reports. The firm purchased 9,000 shares of the bank’s stock, valued at approximately $345,000.
Several other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of FCB Financial by 23.6% during the 2nd quarter. BlackRock Inc. now owns 3,179,259 shares of the bank’s stock worth $186,943,000 after buying an additional 606,744 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of FCB Financial by 20.7% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,010,670 shares of the bank’s stock worth $59,427,000 after buying an additional 173,130 shares in the last quarter. Emerald Advisers Inc. PA boosted its holdings in shares of FCB Financial by 26.1% during the 2nd quarter. Emerald Advisers Inc. PA now owns 1,000,404 shares of the bank’s stock worth $58,824,000 after buying an additional 206,870 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of FCB Financial by 3.6% during the 2nd quarter. Glenmede Trust Co. NA now owns 879,961 shares of the bank’s stock worth $51,742,000 after buying an additional 30,501 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of FCB Financial by 10.9% during the 2nd quarter. Northern Trust Corp now owns 878,983 shares of the bank’s stock worth $51,685,000 after buying an additional 86,708 shares in the last quarter. Hedge funds and other institutional investors own 92.53% of the company’s stock.
Shares of FCB opened at $39.19 on Friday. FCB Financial Holdings Inc has a 12-month low of $37.65 and a 12-month high of $62.95. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.86 billion, a P/E ratio of 11.95, a PEG ratio of 0.64 and a beta of 1.35.
FCB Financial (NYSE:FCB) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. FCB Financial had a return on equity of 13.29% and a net margin of 29.45%. The company had revenue of $101.40 million for the quarter, compared to analysts’ expectations of $104.71 million. During the same period last year, the business earned $0.74 EPS. As a group, sell-side analysts forecast that FCB Financial Holdings Inc will post 3.67 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on FCB shares. Keefe, Bruyette & Woods upgraded FCB Financial from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $61.00 to $58.00 in a report on Thursday. ValuEngine cut FCB Financial from a “hold” rating to a “sell” rating in a report on Monday, September 17th. UBS Group upgraded FCB Financial from a “sell” rating to a “neutral” rating and increased their price target for the stock from $50.00 to $54.00 in a report on Thursday, July 26th. Royal Bank of Canada restated a “buy” rating and set a $57.00 price target on shares of FCB Financial in a report on Wednesday, July 25th. Finally, Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. FCB Financial has a consensus rating of “Hold” and an average price target of $55.50.
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FCB Financial Company Profile
FCB Financial Holdings, Inc operates as the bank holding company for Florida Community Bank, N.A. that provides various financial products and services to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company offers various deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificates of deposit; checking products; and money market accounts and IRAs.
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