Today’s Price Action: Could FCB Financial Holdings Inc Lose its Strength? The Stock Reaches 52-Week High

Today's Price Action: Could FCB Financial Holdings Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of FCB Financial Holdings Inc (NYSE:FCB) hit a new 52-week high and has $69.64 target or 68.00% above today’s $41.45 share price. The 6 months bullish chart indicates low risk for the $1.73 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $69.64 price target is reached, the company will be worth $1.18B 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 129,590 shares traded hands. FCB Financial Holdings Inc (NYSE:FCB) has risen 23.50% since April 19, 2016 and is uptrending. It has outperformed by 19.64% the S&P500.

FCB Financial Holdings Inc (NYSE:FCB) Ratings Coverage

Out of 7 analysts covering FCB Financial Holdings (NYSE:FCB), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. FCB Financial Holdings has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of FCB Financial Holdings Inc (NYSE:FCB) earned “Market Perform” rating by Hovde Group on Monday, November 14. The firm has “Buy” rating by UBS given on Friday, October 21. Hovde Group maintained the shares of FCB in a report on Monday, August 22 with “Outperform” rating. As per Wednesday, January 27, the company rating was upgraded by Guggenheim. The rating was initiated by Gabelli on Thursday, January 7 with “Buy”. The firm earned “Buy” rating on Friday, September 23 by Deutsche Bank. Deutsche Bank maintained the stock with “Buy” rating in Friday, November 6 report.

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 decreased to 1.24 in Q2 2016. Its down 0.20, from 1.44 in 2016Q1. The ratio fall, 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.
State Common Retirement Fund accumulated 0.01% or 181,849 shares. Envestnet Asset Mngmt has 0% invested in the company for 2,555 shares. Ameriprise Financial accumulated 0.01% or 402,944 shares. Moreover, Secor Cap Advsr L P has 0.23% invested in FCB Financial Holdings Inc (NYSE:FCB) for 54,082 shares. The New York-based Gamco Invsts Incorporated Et Al has invested 0.02% in FCB Financial Holdings Inc (NYSE:FCB). Moreover, Vanguard Grp has 0% invested in FCB Financial Holdings Inc (NYSE:FCB) for 2.10M shares. D E Shaw & has 0% invested in the company for 17,336 shares. Forward Limited Liability Company reported 375 shares or 0% of all its holdings. Quantbot Technologies L P reported 1,450 shares or 0.01% of all its holdings. Tower Rech Cap Limited Liability Company (Trc) has invested 0.01% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB). Trexquant Invest Ltd Partnership has 0.07% invested in the company for 15,300 shares. Fj Capital Mngmt holds 0.17% of its portfolio in FCB Financial Holdings Inc (NYSE:FCB) for 25,000 shares. Dimensional Fund Advsr L P has 0.01% invested in the company for 639,122 shares. Lord Abbett & Lc, a New Jersey-based fund reported 83,645 shares. Shinko Asset Mngmt has 103,481 shares for 0.02% of their US portfolio.

More recent FCB Financial Holdings Inc (NYSE:FCB) news were published by: Businesswire.com which released: “FCB Financial Holdings, Inc. Announces New Chief Financial Officer” on January 20, 2016. Also Businesswire.com published the news titled: “FCB Financial Holdings, Inc. Sets Earnings Release and Conference Call Date …” on April 04, 2016. Businesswire.com‘s news article titled: “FCB Financial Holdings, Inc. Sets Earnings Release and Conference Call Date …” with publication date: October 04, 2016 was also an interesting one.

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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