FCB Financial Holdings Inc (FCB) Posts Earnings Results, Beats Expectations By $0.01 EPS

FCB Financial Holdings Inc (NYSE:FCB) issued its quarterly earnings results on Thursday. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. The firm had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.44 million. FCB Financial Holdings had a net margin of 28.63% and a return on equity of 10.77%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS.

Shares of FCB Financial Holdings (NYSE:FCB) opened at 45.80 on Friday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 17.22 and a beta of 1.38. The firm’s 50-day moving average is $47.73 and its 200-day moving average is $46.39. FCB Financial Holdings has a 52 week low of $31.98 and a 52 week high of $50.33.

Earnings History for FCB Financial Holdings (NYSE:FCB)

In related news, insider Vincent Tese sold 31,278 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 408,369 shares in the company, valued at approximately $19,703,804.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stuart I. Oran sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $45.99, for a total value of $137,970.00. Following the sale, the insider now owns 10,104 shares of the company’s stock, valued at $464,682.96. The disclosure for this sale can be found here. Insiders have sold a total of 556,299 shares of company stock worth $26,700,144 in the last three months. Corporate insiders own 17.70% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “FCB Financial Holdings Inc (FCB) Posts Earnings Results, Beats Expectations By $0.01 EPS” was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://sportsperspectives.com/2017/05/20/fcb-financial-holdings-inc-fcb-posts-quarterly-earnings-results-beats-expectations-by-0-01-eps-updated-updated-updated.html.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 target price on shares of FCB Financial Holdings in a research report on Wednesday, April 5th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $57.00 target price (up previously from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. FCB Financial Holdings has a consensus rating of “Buy” and a consensus price target of $50.75.

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.

12 Month Chart for 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.

Latest News

Leave a Reply