Could FCB Financial Holdings, Inc. (FCB) Go Down After Achieving 52-Week High?

April 21, 2018 - By Darrin Black

FCB Financial Holdings, Inc. (NYSE:FCB) Logo

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.36, from 1.55 in 2017Q3. It dropped, as 19 investors sold FCB Financial Holdings, Inc. shares while 48 reduced holdings. 23 funds opened positions while 57 raised stakes. 40.91 million shares or 0.23% more from 40.82 million shares in 2017Q3 were reported.
Morgan Stanley reported 0% of its portfolio in FCB Financial Holdings, Inc. (NYSE:FCB). Parkside Fincl Bank Tru reported 0.01% in FCB Financial Holdings, Inc. (NYSE:FCB). Bancshares Of America De holds 0% or 391,635 shares in its portfolio. California State Teachers Retirement Systems accumulated 57,090 shares. Elizabeth Park Capital Advisors Ltd accumulated 306,168 shares or 5.02% of the stock. Aqr Mgmt Llc has 0% invested in FCB Financial Holdings, Inc. (NYSE:FCB) for 32,841 shares. Voya Invest Mgmt Ltd Com has invested 0% in FCB Financial Holdings, Inc. (NYSE:FCB). California Employees Retirement Sys invested 0% in FCB Financial Holdings, Inc. (NYSE:FCB). Moreover, Swiss Commercial Bank has 0% invested in FCB Financial Holdings, Inc. (NYSE:FCB) for 70,100 shares. Gamco Invsts Et Al reported 171,079 shares. State Bank Of Montreal Can has 0% invested in FCB Financial Holdings, Inc. (NYSE:FCB) for 1,758 shares. Piermont Cap Inc owns 43,394 shares or 0.72% of their US portfolio. Symphony Asset Management Ltd Llc, California-based fund reported 9,241 shares. Wellington Management Grp Llp holds 2.02 million shares. Moreover, Banc Funds Ltd Limited Liability Company has 0.45% invested in FCB Financial Holdings, Inc. (NYSE:FCB) for 190,871 shares.

The stock of FCB Financial Holdings, Inc. (NYSE:FCB) hit a new 52-week high and has $59.84 target or 3.00 % above today’s $58.10 share price. The 9 months bullish chart indicates low risk for the $2.71 billion company. The 1-year high was reported on Apr, 21 by Barchart.com. If the $59.84 price target is reached, the company will be worth $81.27 million 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.

The stock increased 3.75% or $2.1 during the last trading session, reaching $58.1. About 405,319 shares traded or 51.64% up from the average. FCB Financial Holdings, Inc. (NYSE:FCB) has risen 7.34% since April 21, 2017 and is uptrending. It has underperformed by 4.21% the S&P500.

Analysts await FCB Financial Holdings, Inc. (NYSE:FCB) to report earnings on April, 24 after the close. They expect $0.83 earnings per share, up 29.69 % or $0.19 from last year’s $0.64 per share. FCB’s profit will be $38.70 million for 17.50 P/E if the $0.83 EPS becomes a reality. After $0.76 actual earnings per share reported by FCB Financial Holdings, Inc. for the previous quarter, Wall Street now forecasts 9.21 % EPS growth.

FCB Financial Holdings, Inc. (NYSE:FCB) Ratings Coverage

Among 5 analysts covering FCB Financial HLD (NYSE:FCB), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. FCB Financial HLD has $65 highest and $48 lowest target. $59.20’s average target is 1.89% above currents $58.1 stock price. FCB Financial HLD had 8 analyst reports since October 25, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, October 25 by RBC Capital Markets. The company was maintained on Tuesday, December 19 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, February 26. The firm earned “Buy” rating on Wednesday, January 24 by RBC Capital Markets. The stock of FCB Financial Holdings, Inc. (NYSE:FCB) earned “Buy” rating by RBC Capital Markets on Friday, December 8. The firm has “Buy” rating by Bank of America given on Wednesday, January 24. The firm has “Hold” rating by Hovde Group given on Monday, February 5.

FCB Financial Holdings, Inc. operates as the bank holding firm for Florida Community Bank, N.A. that provides various financial services and products to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company has market cap of $2.71 billion. The firm 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. It has a 21.44 P/E ratio. It also offers consumer loans, such as personal and auto loans, recreational loans, and home improvement/second mortgage loans.

FCB Financial Holdings, Inc. (NYSE:FCB) Institutional Positions Chart

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