Equities analysts forecast that FCB Financial Holdings Inc (NYSE:FCB) will report earnings per share (EPS) of $0.97 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for FCB Financial’s earnings. The lowest EPS estimate is $0.94 and the highest is $1.00. FCB Financial reported earnings per share of $0.74 during the same quarter last year, which would suggest a positive year-over-year growth rate of 31.1%. The company is expected to report its next quarterly earnings report on Tuesday, October 23rd.

On average, analysts expect that FCB Financial will report full-year earnings of $3.69 per share for the current year, with EPS estimates ranging from $3.50 to $3.82. For the next year, analysts anticipate that the business will report earnings of $4.39 per share, with EPS estimates ranging from $4.15 to $4.72. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow FCB Financial.

FCB Financial (NYSE:FCB) last released its quarterly earnings results on Tuesday, July 24th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. FCB Financial had a net margin of 29.07% and a return on equity of 12.54%. The company had revenue of $98.77 million during the quarter, compared to the consensus estimate of $99.74 million. During the same period in the prior year, the firm earned $0.71 earnings per share.

A number of equities analysts have weighed in on FCB shares. ValuEngine downgraded shares of FCB Financial from a “hold” rating to a “sell” rating in a research note on Monday. UBS Group raised shares of FCB Financial from a “sell” rating to a “neutral” rating and raised their target price for the company from $50.00 to $54.00 in a research note on Thursday, July 26th. Royal Bank of Canada reaffirmed a “buy” rating and set a $57.00 target price on shares of FCB Financial in a research note on Wednesday, July 25th. Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, August 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $61.00 target price on shares of FCB Financial in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $56.50.

Several large investors have recently bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of FCB Financial by 10.9% during the second quarter. Northern Trust Corp now owns 878,983 shares of the bank’s stock valued at $51,685,000 after buying an additional 86,708 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of FCB Financial during the second quarter valued at approximately $234,000. California Public Employees Retirement System grew its holdings in shares of FCB Financial by 475.4% during the second quarter. California Public Employees Retirement System now owns 52,415 shares of the bank’s stock valued at $3,082,000 after buying an additional 43,306 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of FCB Financial by 3.6% during the second quarter. Glenmede Trust Co. NA now owns 879,961 shares of the bank’s stock valued at $51,742,000 after buying an additional 30,501 shares during the last quarter. Finally, Putnam Investments LLC grew its holdings in shares of FCB Financial by 65.6% during the second quarter. Putnam Investments LLC now owns 71,550 shares of the bank’s stock valued at $4,208,000 after buying an additional 28,350 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

FCB stock opened at $49.60 on Tuesday. FCB Financial has a 1 year low of $45.10 and a 1 year high of $62.95. The stock has a market capitalization of $2.30 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.76 and a beta of 1.17. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.64.

About FCB Financial

FCB Financial Holdings, Inc operates as the bank holding company for Florida Community Bank, N.A. that provides various financial products and services to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company 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.

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Earnings History and Estimates for FCB Financial (NYSE:FCB)

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