Noteworthy Price Action: What’s FCB Financial Holdings Inc Upside After Reaching 52-Week High?

Noteworthy Price Action: What's FCB Financial Holdings Inc Upside After Reaching 52 Week High?

The stock of FCB Financial Holdings Inc (NYSE:FCB) hit a new 52-week high and has $45.63 target or 6.00% above today’s $43.05 share price. The 5 months bullish chart indicates low risk for the $1.78 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $45.63 price target is reached, the company will be worth $106.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $43.05 per share. It is down 25.99% since April 25, 2016 and is uptrending. It has outperformed by 19.97% the S&P500.

Analysts await FCB Financial Holdings Inc (NYSE:FCB) to report earnings on January, 23. They expect $0.61 earnings per share, up 17.31% or $0.09 from last year’s $0.52 per share. FCB’s profit will be $25.22M for 17.64 P/E if the $0.61 EPS becomes a reality. After $0.59 actual earnings per share reported by FCB Financial Holdings Inc for the previous quarter, Wall Street now forecasts 3.39% EPS growth.

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. On Friday, October 21 the stock rating was maintained by UBS with “Buy”. The rating was upgraded by Guggenheim on Wednesday, January 27 to “Buy”. The company was maintained on Monday, August 22 by Hovde Group. On Friday, November 6 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Buy” rating given on Friday, September 23 by Deutsche Bank. The stock of FCB Financial Holdings Inc (NYSE:FCB) has “Buy” rating given on Thursday, January 7 by Gabelli. The stock of FCB Financial Holdings Inc (NYSE:FCB) earned “Market Perform” rating by Hovde Group on Monday, November 14.

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 turned negative, 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.
Teachers Retirement Systems Of The State Of Kentucky last reported 22,350 shares in the company. Manufacturers Life Insur Comm The holds 0.03% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB) for 618,445 shares. The New York-based M&T Comml Bank has invested 0% in FCB Financial Holdings Inc (NYSE:FCB). Moreover, Maltese Mngmt Limited Liability has 0.66% invested in FCB Financial Holdings Inc (NYSE:FCB) for 156,200 shares. Hennessy Advsrs has 117,500 shares for 0.12% of their US portfolio. Blackrock Limited has 0% invested in the company for 9,916 shares. Stifel accumulated 25,335 shares or 0% of the stock. Moreover, Hancock Hldgs Com has 0.33% invested in FCB Financial Holdings Inc (NYSE:FCB) for 232,155 shares. First Trust Advsr L P has 29,970 shares for 0% of their US portfolio. Aqr Cap Management, a Connecticut-based fund reported 31,390 shares. Swiss Financial Bank has invested 0% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB). Barclays Public Ltd holds 10,424 shares or 0% of its portfolio. Alliancebernstein Lp holds 0% or 140,295 shares in its portfolio. Dimensional Fund L P owns 639,122 shares or 0.01% of their US portfolio. Wells Fargo Mn holds 540,947 shares or 0.01% of its portfolio.

More important recent FCB Financial Holdings Inc (NYSE:FCB) news were published by: Businesswire.com which released: “FCB Financial Holdings, Inc. Sets Earnings Release and Conference Call Date …” on April 04, 2016, also Businesswire.com published article titled: “FCB Financial Holdings, Inc. Sets Earnings Release and Conference Call Date …”, Businesswire.com published: “FCB Financial Holdings, Inc. Announces New Chief Financial Officer” on January 20, 2016. More interesting news about FCB Financial Holdings Inc (NYSE:FCB) was released by: Businesswire.com and their article: “FCB Financial Holdings, Inc. Announces the Pricing of Its Initial Public Offering” with publication date: August 01, 2014.

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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