FCB Financial Holdings, Inc. (FCB) Can’t Be More Hot. Just Reaches 52-Week High

January 20, 2018 - By Michael Collier

Investors sentiment increased to 1.55 in Q3 2017. Its up 0.03, from 1.52 in 2017Q2. It increased, as 21 investors sold FCB Financial Holdings, Inc. shares while 41 reduced holdings. 25 funds opened positions while 71 raised stakes. 40.82 million shares or 1.34% more from 40.28 million shares in 2017Q2 were reported.
Raymond James And has invested 0% in FCB Financial Holdings, Inc. (NYSE:FCB). Stifel Fin Corp owns 418,354 shares or 0.07% of their US portfolio. Pier Cap Limited Liability Company invested in 0.88% or 104,580 shares. Goldman Sachs reported 0% of its portfolio in FCB Financial Holdings, Inc. (NYSE:FCB). Tower Rech Cap Ltd (Trc) holds 5,242 shares or 0.02% of its portfolio. Delta Asset Mngmt Ltd Company Tn holds 0% or 300 shares. Moreover, Hancock Holdings Company has 0.47% invested in FCB Financial Holdings, Inc. (NYSE:FCB) for 230,260 shares. Timessquare Cap Mngmt Llc has 0.17% invested in FCB Financial Holdings, Inc. (NYSE:FCB). Alliancebernstein Lp invested in 221,085 shares. M&T Natl Bank Corporation accumulated 0% or 12,104 shares. 232 are held by First Personal Service. Los Angeles Capital Mngmt Equity Rech accumulated 15,605 shares. Piermont Capital Management reported 46,064 shares. Hennessy, a California-based fund reported 172,000 shares. Eagle Asset Mgmt Inc holds 0.11% or 389,614 shares in its portfolio.

The stock of FCB Financial Holdings, Inc. (NYSE:FCB) hit a new 52-week high and has $58.30 target or 3.00 % above today’s $56.60 share price. The 8 months bullish chart indicates low risk for the $2.48 billion company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $58.30 price target is reached, the company will be worth $74.49M 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 increased 1.98% or $1.1 during the last trading session, reaching $56.6. About 184,245 shares traded. FCB Financial Holdings, Inc. (NYSE:FCB) has risen 30.63% since January 20, 2017 and is uptrending. It has outperformed by 13.93% the S&P500.

Analysts await FCB Financial Holdings, Inc. (NYSE:FCB) to report earnings on January, 24. They expect $0.74 earnings per share, up 19.35 % or $0.12 from last year’s $0.62 per share. FCB’s profit will be $32.46M for 19.12 P/E if the $0.74 EPS becomes a reality. After $0.74 actual earnings per share reported by FCB Financial Holdings, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

FCB Financial Holdings, Inc. (NYSE:FCB) Ratings Coverage

Among 10 analysts covering FCB Financial Holdings (NYSE:FCB), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. FCB Financial Holdings had 18 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained FCB Financial Holdings, Inc. (NYSE:FCB) rating on Wednesday, July 26. RBC Capital Markets has “Buy” rating and $5400 target. The rating was upgraded by Guggenheim on Wednesday, January 27 to “Buy”. The stock of FCB Financial Holdings, Inc. (NYSE:FCB) earned “Buy” rating by RBC Capital Markets on Friday, December 8. The stock of FCB Financial Holdings, Inc. (NYSE:FCB) has “Buy” rating given on Friday, September 23 by Deutsche Bank. The company was downgraded on Monday, November 14 by Hovde Group. The company was maintained on Tuesday, December 19 by Keefe Bruyette & Woods. The rating was maintained by Hovde Group on Monday, August 22 with “Outperform”. Raymond James initiated the stock with “Mkt Perform” rating in Wednesday, November 30 report. UBS downgraded the stock to “Neutral” rating in Wednesday, January 11 report. The firm has “Buy” rating given on Thursday, September 7 by RBC Capital Markets.

Another recent and important FCB Financial Holdings, Inc. (NYSE:FCB) news was published by Businesswire.com which published an article titled: “Florida Community Bank Ranked #8 in Forbes 2018 “Best Banks in America”” on January 11, 2018.

FCB Financial Holdings, Inc. operates as the bank holding firm for Florida Community Bank, N.A. that provides various financial services and products to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company has market cap of $2.48 billion. The firm 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. It has a 19.17 P/E ratio. It also offers consumer loans, such as personal and auto loans, recreational loans, and home improvement/second mortgage loans.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.