The stock of FCB Financial Holdings Inc (NYSE:FCB) hit a new 52-week high and has $53.00 target or 32.00% above today’s $40.15 share price. The 6 months bullish chart indicates low risk for the $1.69B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $53.00 price target is reached, the company will be worth $540.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 476,791 shares traded hands or 114.29% up from the average. FCB Financial Holdings Inc (NYSE:FCB) has risen 28.64% since April 11, 2016 and is uptrending. It has outperformed by 22.50% 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. On Friday, November 6 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Buy” rating by Gabelli given on Thursday, January 7. The company was maintained on Friday, October 21 by UBS. The stock has “Buy” rating given by Deutsche Bank on Friday, September 23. The firm has “Outperform” rating given on Monday, August 22 by Hovde Group. The stock of FCB Financial Holdings Inc (NYSE:FCB) has “Buy” rating given on Wednesday, January 27 by Guggenheim.
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 is positive, 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.
Dimensional Fund Advsrs Ltd Partnership last reported 639,122 shares in the company. Citadel Advisors Limited Liability reported 315,457 shares or 0.01% of all its holdings. Metropolitan Life Insur Ny last reported 21,703 shares in the company. Eagle Asset Inc has invested 0.09% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB). Shinko Asset Mgmt Limited accumulated 103,481 shares or 0.02% of the stock. State Street Corp holds 0% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB) for 450,392 shares. Us National Bank & Trust De holds 0% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB) for 21,563 shares. Alpenglow Capital L P holds 10.05% or 323,405 shares in its portfolio. Citigroup Inc holds 0% or 35,595 shares in its portfolio. The Illinois-based Banc Funds Lc has invested 0.27% in FCB Financial Holdings Inc (NYSE:FCB). First Personal Financial Serv accumulated 0% or 252 shares. Spark Invest Mgmt Ltd Liability Corp has invested 0.11% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB). Forward Ltd Co holds 0% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB) for 375 shares. Boston reported 306,573 shares or 0.02% of all its holdings. Penn Mngmt owns 456,835 shares or 0.89% 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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