HPM Partners LLC Acquires New Position in FCB Financial Holdings Inc (FCB)

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HPM Partners LLC purchased a new position in FCB Financial Holdings Inc (NYSE:FCB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,690 shares of the bank’s stock, valued at approximately $217,000.

Other institutional investors also recently bought and sold shares of the company. Swiss National Bank boosted its holdings in shares of FCB Financial by 8.5% in the second quarter. Swiss National Bank now owns 77,900 shares of the bank’s stock worth $4,581,000 after acquiring an additional 6,100 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of FCB Financial by 1.3% in the first quarter. JPMorgan Chase & Co. now owns 1,333,153 shares of the bank’s stock worth $68,124,000 after acquiring an additional 17,473 shares during the period. Patriot Financial Partners GP LP bought a new position in shares of FCB Financial in the first quarter worth $3,646,000. Citadel Advisors LLC boosted its holdings in shares of FCB Financial by 4.9% in the first quarter. Citadel Advisors LLC now owns 642,355 shares of the bank’s stock worth $32,824,000 after acquiring an additional 29,959 shares during the period. Finally, M&R Capital Management Inc. boosted its holdings in shares of FCB Financial by 11.1% in the second quarter. M&R Capital Management Inc. now owns 45,925 shares of the bank’s stock worth $2,700,000 after acquiring an additional 4,600 shares during the period. 92.49% of the stock is owned by hedge funds and other institutional investors.

Shares of FCB stock traded down $0.75 on Friday, reaching $44.18. The company’s stock had a trading volume of 561,059 shares, compared to its average volume of 377,515. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.93 and a current ratio of 0.93. FCB Financial Holdings Inc has a 12-month low of $43.20 and a 12-month high of $62.95. The company has a market capitalization of $2.22 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 0.73 and a beta of 1.18.

FCB Financial (NYSE:FCB) last issued its quarterly earnings data 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 return on equity of 12.54% and a net margin of 29.07%. The company had revenue of $98.77 million for the quarter, compared to the consensus estimate of $99.74 million. During the same quarter last year, the business posted $0.71 earnings per share. On average, sell-side analysts forecast that FCB Financial Holdings Inc will post 3.69 EPS for the current fiscal year.

A number of equities analysts have recently commented on FCB shares. Gabelli lowered FCB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine raised FCB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Deutsche Bank downgraded FCB Financial from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $66.00 to $44.00 in a research report on Monday, July 30th. Royal Bank of Canada reiterated a “buy” rating and issued a $57.00 price objective on shares of FCB Financial in a research report on Wednesday, July 25th. Finally, Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $56.00.

FCB Financial Profile

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.

Further Reading: Understanding Analyst Recommendations

Institutional Ownership by Quarter for FCB Financial (NYSE:FCB)

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