ValuEngine downgraded shares of FCB Financial (NYSE:FCB) from a hold rating to a sell rating in a report released on Wednesday morning.

Several other brokerages have also commented on FCB. Royal Bank of Canada reiterated a buy rating on shares of FCB Financial in a research note on Thursday, April 26th. Zacks Investment Research upgraded shares of FCB Financial from a hold rating to a buy rating and set a $66.00 price target on the stock in a research note on Monday, May 7th. Gabelli lowered shares of FCB Financial from a buy rating to a hold rating in a research note on Wednesday, July 25th. UBS Group upgraded shares of FCB Financial from a sell rating to a neutral rating and lifted their price target for the stock from $50.00 to $54.00 in a research note on Thursday, July 26th. Finally, Deutsche Bank lowered shares of FCB Financial from a buy rating to a hold rating and cut their price target for the stock from $66.00 to $44.00 in a research note on Monday, July 30th. One 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. The stock presently has a consensus rating of Hold and an average target price of $56.33.

Shares of FCB traded down $0.30 during midday trading on Wednesday, reaching $51.00. The stock had a trading volume of 557,569 shares, compared to its average volume of 725,018. FCB Financial has a 1-year low of $39.90 and a 1-year high of $62.95. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 0.81 and a beta of 1.19. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.64.

FCB Financial (NYSE:FCB) last announced its quarterly earnings results on Tuesday, July 24th. The bank reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.03. FCB Financial had a net margin of 29.07% and a return on equity of 12.54%. The firm had revenue of $98.77 million for the quarter, compared to analyst estimates of $99.74 million. During the same period last year, the business earned $0.71 EPS. analysts predict that FCB Financial will post 3.69 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in FCB. JPMorgan Chase & Co. grew its position in FCB Financial by 1.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,333,153 shares of the bank’s stock worth $68,124,000 after purchasing an additional 17,473 shares during the last quarter. Patriot Financial Partners GP LP purchased a new position in FCB Financial during the 1st quarter worth $3,646,000. Eagle Asset Management Inc. grew its position in FCB Financial by 9.5% during the 1st quarter. Eagle Asset Management Inc. now owns 344,327 shares of the bank’s stock worth $17,595,000 after purchasing an additional 29,788 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in FCB Financial during the 4th quarter worth $266,000. Finally, Citadel Advisors LLC grew its position in FCB Financial by 4.9% during the 1st quarter. Citadel Advisors LLC now owns 642,355 shares of the bank’s stock worth $32,824,000 after purchasing an additional 29,959 shares during the last quarter. Hedge funds and other institutional investors own 92.16% of the company’s stock.

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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Analyst Recommendations for FCB Financial (NYSE:FCB)

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