The stock of FCB Financial Holdings Inc (NYSE:FCB) reached all time high today, Nov, 21 and still has $68.28 target or 65.00% above today’s $41.38 share price. This indicates more upside for the $1.73 billion company. This technical setup was reported by Barchart.com. If the $68.28 PT is reached, the company will be worth $1.12 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 475,118 shares traded hands or 73.35% up from the average. FCB Financial Holdings Inc (NYSE:FCB) has risen 23.50% since April 19, 2016 and is uptrending. It has outperformed by 19.64% the S&P500.
FCB Financial Holdings Inc (NYSE:FCB) Ratings Coverage
Out of 7 analysts covering FCB Financial Holdings (NYSE:FCB), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. FCB Financial Holdings has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Thursday, January 7, the company rating was initiated by Gabelli. The firm earned “Buy” rating on Wednesday, January 27 by Guggenheim. The firm earned “Buy” rating on Friday, November 6 by Deutsche Bank. Hovde Group maintained it with “Outperform” rating and $41 target price in Monday, August 22 report. UBS maintained the shares of FCB in a report on Friday, October 21 with “Buy” rating. Hovde Group downgraded the stock to “Market Perform” rating in Monday, November 14 report. On Friday, September 23 the stock rating was maintained by Deutsche Bank with “Buy”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.24 in 2016 Q2. Its down 0.20, from 1.44 in 2016Q1. The ratio dived, as 10 funds sold all FCB Financial Holdings Inc shares owned while 47 reduced positions. 31 funds bought stakes while 51 increased positions. They now own 32.21 million shares or 4.40% less from 33.69 million shares in 2016Q1.
Quantbot Technology L P last reported 1,450 shares in the company. Snyder Cap Limited Partnership, a California-based fund reported 490,665 shares. Spark Mngmt Limited Liability Com holds 0.11% or 35,900 shares in its portfolio. Moreover, Whittier Tru Of Nevada has 0% invested in FCB Financial Holdings Inc (NYSE:FCB) for 501 shares. Perkins Lc, a Illinois-based fund reported 592,111 shares. Blackrock Fund Advsr last reported 0.01% of its portfolio in the stock. Schroder Inv Mgmt accumulated 563,300 shares or 0.04% of the stock. 1492 Capital Mngmt Ltd Liability Corporation, a Wisconsin-based fund reported 13,827 shares. Great West Life Assurance Comm Can has invested 0% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB). Tiaa Cref Investment Mngmt Lc holds 151,684 shares or 0% of its portfolio. Rhumbline Advisers holds 35,065 shares or 0% of its portfolio. Art Advsrs Limited Liability accumulated 28,171 shares or 0.05% of the stock. Jacobs Levy Equity Mngmt holds 43,080 shares or 0.03% of its portfolio. Symphony Asset Management Limited Com accumulated 0.07% or 19,322 shares. Manufacturers Life Ins Company The last reported 618,445 shares in the company.
More recent FCB Financial Holdings Inc (NYSE:FCB) news were published by: Businesswire.com which released: “FCB Financial Holdings, Inc. Announces New Chief Financial Officer” on January 20, 2016. Also Businesswire.com published the news titled: “FCB Financial Holdings, Inc. Sets Earnings Release and Conference Call Date …” on April 04, 2016. Businesswire.com‘s news article titled: “FCB Financial Holdings, Inc. Sets Earnings Release and Conference Call Date …” with publication date: October 04, 2016 was also an interesting one.
FCB Company Profile
FCB Financial Holdings, Inc., incorporated on April 1, 2009, is a bank holding firm with one national bank subsidiary, Florida Community Bank, National Association (the Bank). The Firm operates in the Community Banking segment. Through the Bank, the Company provides a range of retail and commercial banking services. The Firm provides a range of financial services and products 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. The Firm targets retail clients and commercial clients engaged in various industries, including healthcare and professional services; retail and wholesale trade; tourism; agricultural services; manufacturing; distribution and distribution-related industries; technology; automotive; aviation; food products; building materials; residential housing, and commercial real estate. It also selectively participates in syndicated loans to national credits.
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