Zacks Investment Research cut shares of FCB Financial Holdings Inc. (NYSE:FCB) from a buy rating to a hold rating in a report released on Thursday morning.

According to Zacks, “FCB Financial Holdings Inc. is a bank holding company for Florida Community Bank. The Company, through its subsidiaries, operates community banks in Florida, United States. The Bank offers a comprehensive range of traditional banking products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities. FCB Financial Holdings Inc. is headquartered in Weston, Florida. “

Several other brokerages also recently commented on FCB. TheStreet raised shares of FCB Financial Holdings from a hold rating to a buy rating in a research report on Friday, August 12th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of FCB Financial Holdings in a research report on Sunday, July 10th. Deutsche Bank AG raised their price objective on shares of FCB Financial Holdings from $41.00 to $44.00 and gave the stock a buy rating in a research report on Friday, September 23rd. Finally, Hovde Group raised their price objective on shares of FCB Financial Holdings from $39.00 to $41.00 and gave the stock an outperform rating in a research report on Monday, August 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. FCB Financial Holdings presently has an average rating of Buy and a consensus price target of $41.75.

Analyst Recommendations for FCB Financial Holdings (NYSE:FCB)

FCB Financial Holdings (NYSE:FCB) traded up 1.85% during trading on Thursday, hitting $37.53. 61,137 shares of the company’s stock traded hands. FCB Financial Holdings has a 52-week low of $28.64 and a 52-week high of $39.44. The company’s 50 day moving average price is $38.26 and its 200 day moving average price is $35.73. The company has a market cap of $1.52 billion, a PE ratio of 16.85 and a beta of 1.23.

FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. FCB Financial Holdings had a net margin of 30.51% and a return on equity of 10.21%. Analysts expect that FCB Financial Holdings will post $2.24 earnings per share for the current year.

In other news, Director Paul A. Novelly sold 1,287 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $35.70, for a total transaction of $45,945.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stuart I. Oran sold 4,849 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $35.85, for a total value of $173,836.65. Following the sale, the insider now directly owns 9,953 shares of the company’s stock, valued at $356,815.05. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its stake 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 acquired a new stake in shares of FCB Financial Holdings during the second quarter valued at about $221,000. BlackRock Inc. raised its stake 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. raised its stake 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 raised its stake 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. 89.53% of the stock is owned by hedge funds and other institutional investors.

FCB Financial Holdings Company Profile

FCB Financial Holdings, Inc is a bank holding company with one 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. The Company provides a range of financial products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through approximately 50 branches in south and central Florida.

5 Day Chart for NYSE:FCB

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