Stock On Watch: FCB Financial Holdings Inc on Focus After Trading At All-Time Highs

Stock On Watch: FCB Financial Holdings Inc on Focus After Trading At All Time Highs

The stock of FCB Financial Holdings Inc (NYSE:FCB) reached all time high today, Nov, 10 and still has $56.38 target or 44.00% above today’s $39.15 share price. This indicates more upside for the $1.67 billion company. This technical setup was reported by Barchart.com. If the $56.38 PT is reached, the company will be worth $734.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 94,057 shares traded hands. FCB Financial Holdings Inc (NYSE:FCB) has risen 25.74% since April 8, 2016 and is uptrending. It has outperformed by 20.09% the S&P500.

FCB Financial Holdings Inc (NYSE:FCB) Ratings Coverage

Out of 7 analysts covering FCB Financial Holdings (NYSE:FCB), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. FCB Financial Holdings has been the topic of 8 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Gabelli initiated it with “Buy” rating and $39.0 target price in Thursday, January 7 report. The firm has “Outperform” rating given on Monday, August 22 by Hovde Group. Deutsche Bank maintained FCB Financial Holdings Inc (NYSE:FCB) on Friday, September 23 with “Buy” rating. The stock has “Buy” rating given by Guggenheim on Wednesday, January 27. The firm has “Buy” rating given on Friday, October 21 by UBS. Deutsche Bank maintained FCB Financial Holdings Inc (NYSE:FCB) on Friday, November 6 with “Buy” rating.

According to Zacks Investment Research, “FCB Financial Holdings Inc. is a bank holding company for Florida Community Bank. The Company, through its subsidiaries, operates community banks in Florida, United States. The Bank offers a comprehensive range of traditional banking products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities. FCB Financial Holdings Inc. is headquartered in Weston, Florida.”

Insitutional Activity: The institutional sentiment increased to 1.44 in 2016 Q2. Its up 0.30, from 1.14 in 2016Q1. The ratio increased, as 10 funds sold all FCB Financial Holdings Inc shares owned while 47 reduced positions. 31 funds bought stakes while 51 increased positions. They now own 32.21 million shares or 4.40% less from 33.69 million shares in 2016Q1.
Tudor Et Al reported 22,705 shares or 0.02% of all its holdings. Barclays Public Ltd Company has 0% invested in the company for 10,424 shares. Schwab Charles Management reported 57,417 shares or 0% of all its holdings. The New York-based Teachers has invested 0% in FCB Financial Holdings Inc (NYSE:FCB). Deutsche Retail Bank Ag last reported 237,158 shares in the company. First Amer Bancorp has 11,705 shares for 0.04% of their US portfolio. Morgan Stanley, a New York-based fund reported 133,613 shares. Whittier Company Of Nevada reported 501 shares or 0% of all its holdings. Moreover, Cubist Systematic Strategies Lc has 0.01% invested in FCB Financial Holdings Inc (NYSE:FCB) for 6,511 shares. Emerald Mutual Fund Advisers Trust last reported 1.12% of its portfolio in the stock. California State Teachers Retirement Systems, a California-based fund reported 62,831 shares. Moreover, Fdx Advsrs has 0.01% invested in FCB Financial Holdings Inc (NYSE:FCB) for 6,477 shares. Sheets Smith Wealth Mngmt, a North Carolina-based fund reported 8,167 shares. Carroll Fincl Associate last reported 0% of its portfolio in the stock. Envestnet Asset Management Inc has 2,555 shares for 0% of their US portfolio.

More news for FCB Financial Holdings Inc (NYSE:FCB) were recently published by: Businesswire.com, which released: “FCB Financial Holdings, Inc. Announces New Chief Financial Officer” on January 20, 2016. Businesswire.com‘s article titled: “FCB Financial Holdings, Inc. Sets Earnings Release and Conference Call Date …” and published on October 04, 2016 is yet another important article.

FCB Company Profile

FCB Financial Holdings, Inc., incorporated on April 1, 2009, is a bank holding firm with one national bank subsidiary, Florida Community Bank, National Association (the Bank). The Firm operates in the Community Banking segment. Through the Bank, the Company provides a range of retail and commercial banking services. The Firm provides a range of financial services and products to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through approximately 50 branches in south and central Florida. The Firm targets retail clients and commercial clients engaged in various industries, including healthcare and professional services; retail and wholesale trade; tourism; agricultural services; manufacturing; distribution and distribution-related industries; technology; automotive; aviation; food products; building materials; residential housing, and commercial real estate. It also selectively participates in syndicated loans to national credits.

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