FCB Financial Holdings Inc (FCB) Position Lessened by American Century Companies Inc.
American Century Companies Inc. trimmed its holdings in shares of FCB Financial Holdings Inc (NYSE:FCB) by 14.3% in the second quarter, Holdings Channel reports. The firm owned 487,407 shares of the bank’s stock after selling 81,557 shares during the period. American Century Companies Inc.’s holdings in FCB Financial were worth $28,660,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. FDx Advisors Inc. lifted its position in FCB Financial by 82.9% during the first quarter. FDx Advisors Inc. now owns 11,212 shares of the bank’s stock worth $573,000 after acquiring an additional 5,083 shares during the last quarter. West Branch Capital LLC acquired a new stake in FCB Financial during the first quarter worth approximately $335,000. Whittier Trust Co. of Nevada Inc. lifted its position in FCB Financial by 59.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,273 shares of the bank’s stock worth $218,000 after acquiring an additional 1,598 shares during the last quarter. SG Americas Securities LLC acquired a new stake in FCB Financial during the first quarter worth approximately $219,000. Finally, Swiss National Bank lifted its position in FCB Financial by 2.4% during the first quarter. Swiss National Bank now owns 71,800 shares of the bank’s stock worth $3,669,000 after acquiring an additional 1,700 shares during the last quarter. 93.22% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on FCB shares. Zacks Investment Research upgraded shares of FCB Financial from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, August 1st. Royal Bank of Canada restated a “buy” rating and set a $57.00 price objective on shares of FCB Financial in a research report on Wednesday, July 25th. ValuEngine upgraded shares of FCB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $61.00 price objective on shares of FCB Financial in a research report on Wednesday, August 8th. Finally, Gabelli downgraded shares of FCB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.50.
FCB Financial (NYSE:FCB) last announced its 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 company had revenue of $98.77 million for the quarter, compared to analysts’ expectations of $99.74 million. During the same period last year, the firm earned $0.71 earnings per share. equities analysts predict that FCB Financial Holdings Inc will post 3.69 EPS for the current year.
FCB Financial 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.
Featured Article: Short Selling – Explanation For Shorting Stocks
Want to see what other hedge funds are holding FCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FCB Financial Holdings Inc (NYSE:FCB).
Receive News & Ratings for FCB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial and related companies with MarketBeat.com's FREE daily email newsletter.