FCB Financial Holdings Inc (FCB) is Reiterated by Hovde Group to Outperform, Raises Price Target to $ 41

FCB Financial Holdings Inc (FCB) was Reiterated by Hovde Group to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 41 from a previous price target of $39 . Hovde Group advised their investors in a research report released on Aug 22, 2016.

On the company’s financial health, FCB Financial Holdings Inc reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.51.Analysts expectations of $ 68.59.During the same quarter in the previous year, the company posted $0.43 EPS.

FCB Financial Holdings Inc opened for trading at $37.39 and hit $37.52 on the upside on Friday, eventually ending the session at $37.45, with a gain of 0.11% or 0.04 points. The heightened volatility saw the trading volume jump to 1,04,111 shares. Company has a market cap of $1,521 M.

In a different news, on Aug 17, 2016, Paul A. Novelly (director) sold 50,000 shares at $36.98 per share price. According to the SEC, on Jul 28, 2016, Stuart I Oran (Secretary) sold 4,849 shares at $35.85 per share price. On Feb 8, 2016, Paul A Novelly (director) sold 10,800 shares at $32.09 per share price, according to the Form-4 filing with the securities and exchange commission.

FCB Financial Holdings Inc. is a bank holding company with one wholly owned national bank subsidiary Florida Community Bank N.A. The Bank provides financial products and services to individuals small and medium-sized businesses some large businesses and other local organizations and entities through approximately 52 branches in south and central Florida. The Company offers commercial credit products retail deposit and credit products depository products credit products derivative products deposit products non-deposit investment products brokerage services and treasury management services. It offers deposit products including checking accounts demand deposit accounts savings accounts money market accounts and certificates of deposit. Its retail depository products include checking products as well as personal savings and IRAs. Its consumer loan products include personal loans auto loans recreational loans and home improvement/second mortgage loans.

FCB Financial Holdings Inc

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