The stock of FCB Financial Holdings Inc (NYSE:FCB) reached all time high today, Nov, 29 and still has $45.24 target or 4.00% above today’s $43.50 share price. This indicates more upside for the $1.78B company. This technical setup was reported by Barchart.com. If the $45.24 PT is reached, the company will be worth $71.20M 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 296,691 shares traded hands. FCB Financial Holdings Inc (NYSE:FCB) has risen 22.78% since April 26, 2016 and is uptrending. It has outperformed by 17.52% the S&P500.
Analysts await FCB Financial Holdings Inc (NYSE:FCB) to report earnings on January, 23. They expect $0.61 EPS, up 17.31% or $0.09 from last year’s $0.52 per share. FCB’s profit will be $24.96M for 17.83 P/E if the $0.61 EPS becomes a reality. After $0.59 actual EPS 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. The stock has “Market Perform” rating given by Hovde Group on Monday, November 14. The rating was maintained by Deutsche Bank on Friday, September 23 with “Buy”. 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 “Buy” rating by Deutsche Bank on Friday, November 6. UBS maintained FCB Financial Holdings Inc (NYSE:FCB) on Friday, October 21 with “Buy” rating. Guggenheim upgraded the stock to “Buy” rating in Wednesday, January 27 report. Hovde Group maintained FCB Financial Holdings Inc (NYSE:FCB) on Monday, August 22 with “Outperform” rating.
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 Q2 2016. 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.
Cubist Systematic Strategies holds 0.01% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB) for 6,511 shares. Whittier Tru Co accumulated 25,386 shares or 0.04% of the stock. Bnp Paribas Arbitrage Sa accumulated 1,167 shares or 0% of the stock. Pier Capital Limited Com has 0.95% invested in the company for 153,396 shares. First American Bancshares accumulated 0.04% or 11,705 shares. Tower Rech Limited Liability Company (Trc) accumulated 0.01% or 2,684 shares. Quantbot L P holds 0.01% or 1,450 shares in its portfolio. Carroll Fin Assoc last reported 0% of its portfolio in the stock. Secor Cap Advsr L P accumulated 54,082 shares or 0.23% of the stock. Jacobs Levy Equity Mgmt holds 0.03% or 43,080 shares in its portfolio. The New York-based Oak Hill Advsrs L P has invested 11.46% in FCB Financial Holdings Inc (NYSE:FCB). Emerald Advisers Pa has 0.62% invested in the company for 378,838 shares. Pacad Investment holds 0.01% or 1,100 shares in its portfolio. Royal National Bank & Trust Of Canada accumulated 8,720 shares or 0% of the stock. Ameriprise Fincl holds 0.01% or 402,944 shares in 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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