Hovde Group lowered shares of FCB Financial Holdings Inc. (NYSE:FCB) from an outperform rating to a market perform rating in a report issued on Monday morning.

A number of other brokerages have also weighed in on FCB. TheStreet upgraded shares of FCB Financial Holdings from a hold rating to a buy rating in a research note on Friday, August 12th. Zacks Investment Research downgraded shares of FCB Financial Holdings from a buy rating to a hold rating in a research report on Friday, August 5th. Finally, Deutsche Bank AG boosted their price objective on shares of FCB Financial Holdings from $41.00 to $44.00 and gave the company a buy rating in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. FCB Financial Holdings currently has an average rating of Buy and an average target price of $41.50.

FCB Financial Holdings (NYSE:FCB) opened at 40.155 on Monday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 17.116 and a beta of 1.25. The stock has a 50 day moving average price of $37.78 and a 200-day moving average price of $36.54. FCB Financial Holdings has a 12-month low of $28.64 and a 12-month high of $41.06.

FCB Financial Holdings (NYSE:FCB) last announced its earnings results on Thursday, October 20th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The business earned $75.40 million during the quarter, compared to analyst estimates of $48.24 million. FCB Financial Holdings had a net margin of 30.45% and a return on equity of 10.41%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. Equities analysts predict that FCB Financial Holdings will post $2.28 EPS for the current fiscal year.

In other FCB Financial Holdings news, insider Stuart I. Oran sold 4,000 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $36.81, for a total transaction of $147,240.00. Following the completion of the transaction, the insider now owns 9,104 shares in the company, valued at approximately $335,118.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stuart I. Oran sold 10,000 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $38.74, for a total transaction of $387,400.00. Following the transaction, the insider now owns 15,104 shares of the company’s stock, valued at approximately $585,128.96. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Whittier Trust Co. increased its position in shares of FCB Financial Holdings by 1.2% in the second quarter. Whittier Trust Co. now owns 25,386 shares of the company’s stock worth $863,000 after buying an additional 308 shares in the last quarter. Teachers Advisors LLC increased its position in shares of FCB Financial Holdings by 0.5% in the third quarter. Teachers Advisors LLC now owns 68,759 shares of the company’s stock worth $2,642,000 after buying an additional 365 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of FCB Financial Holdings by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,417 shares of the company’s stock worth $1,953,000 after buying an additional 462 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of FCB Financial Holdings by 6.6% in the third quarter. Suntrust Banks Inc. now owns 8,405 shares of the company’s stock worth $322,000 after buying an additional 519 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position 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 worth $158,000 after buying an additional 562 shares in the last quarter. Institutional investors own 82.85% of the company’s stock.

About FCB Financial Holdings

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.