FCB Financial Holdings Inc (FCB) is Initiated by Raymond James to Mkt Perform

FCB Financial Holdings Inc (FCB) was Initiated by Raymond James to “Mkt Perform”. Raymond James advised their investors in a research report released on Nov 30, 2016.

Many Wall Street Analysts have commented on FCB Financial Holdings Inc. FCB Financial Holdings Inc was Downgraded by Hovde Group to ” Market Perform” on Nov 14, 2016. Company shares were Reiterated by UBS on Oct 21, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $40 .

On the company’s financial health, FCB Financial Holdings Inc reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.58. The company had revenue of $75.40 million for the quarter, compared to analysts expectations of $74.80 million. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

FCB Financial Holdings Inc opened for trading at $43.15 and hit $43.65 on the upside on Tuesday, eventually ending the session at $43.55, with a gain of 1.40% or 0.6 points. The heightened volatility saw the trading volume jump to 5,96,668 shares. Company has a market cap of $1,784 M.

In a different news, on Nov 23, 2016, Stuart I Oran (Secretary) sold 20,000 shares at $42.29 per share price. According to the SEC, on Aug 17, 2016, Paul A. Novelly (director) sold 50,000 shares at $36.98 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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