Hsbc Holdings PLC lifted its holdings in shares of FCB Financial Holdings Inc (NYSE:FCB) by 75.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 159,702 shares of the bank’s stock after acquiring an additional 68,505 shares during the period. Hsbc Holdings PLC owned approximately 0.34% of FCB Financial worth $5,363,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of FCB Financial by 3.8% during the third quarter. Vanguard Group Inc. now owns 3,995,590 shares of the bank’s stock worth $189,391,000 after acquiring an additional 145,436 shares during the last quarter. Vanguard Group Inc grew its stake in shares of FCB Financial by 3.8% during the third quarter. Vanguard Group Inc now owns 3,995,590 shares of the bank’s stock worth $189,391,000 after acquiring an additional 145,436 shares during the last quarter. BlackRock Inc. grew its stake in shares of FCB Financial by 1.7% during the third quarter. BlackRock Inc. now owns 3,233,637 shares of the bank’s stock worth $153,274,000 after acquiring an additional 54,378 shares during the last quarter. Water Island Capital LLC grew its stake in shares of FCB Financial by 544.1% during the fourth quarter. Water Island Capital LLC now owns 1,516,433 shares of the bank’s stock worth $50,922,000 after acquiring an additional 1,280,990 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of FCB Financial by 61.0% during the third quarter. Neuberger Berman Group LLC now owns 1,362,113 shares of the bank’s stock worth $64,564,000 after acquiring an additional 516,313 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.
Shares of FCB stock opened at $33.58 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $1.57 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 0.45 and a beta of 1.41. FCB Financial Holdings Inc has a 1-year low of $31.52 and a 1-year high of $62.95.
A number of research firms recently commented on FCB. Zacks Investment Research raised FCB Financial from a “sell” rating to a “hold” rating in a report on Monday, December 3rd. TheStreet downgraded FCB Financial from a “b-” rating to a “c+” rating in a report on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. FCB Financial has an average rating of “Hold” and a consensus target price of $53.60.
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FCB Financial Company 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.
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