FCB Financial Holdings Inc (NYSE:FCB) close to 52-week high, short interest dropping

FCB Financial Holdings Inc (NYSE:FCB) (TREND ANALYSIS) shares were traded with thin volume. The stock closed last trading session at $28.77, down by -0.07%, with a volume of 180,046 shares against an average volume for the last 3 months of 253,187.

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FCB Financial Holdings Inc (NYSE:FCB) is currently trading 2.67% below its 52-week-high, 45.82% above its 52-week-low. The 1-year range for the stock is $19.73 – $29.56. FCB Financial Holdings Inc (FCB) has a price to earnings ratio of 701.71 versus Financial sector average of 15.28. FCB stock price has outperformed the S&P 500 by 13.4%. The Holding company is currently valued at $1.19 billion and its share price closed the last trading session at $28.77. The stock has a 50-day moving average of $27.48 and a 200-day moving average of $25.27.

FCB Financial Holdings Inc (FCB) current short interest stands at 0.22 million shares. It has decreased by 17% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.21 million shares, the number of days required to cover the short positions stand at 1.1 days.

FCB reported last quarter earnings on April 23. The Holding company announced earnings per share of $0.43 against a consensus Street estimate of $0.37, beating the average estimate by $0.06.

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There are currently seven analysts that cover FCB stock. Of those seven, five have a Buy rating, two have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $30.83.

A recent analyst activity consisted of Deutsche Bank reiterating their Buy stance on May 29. Deutsche Bank increased their price target on FCB from $31 to $32. This corresponds to a 11.23% upside from the last closing price. On the date of report, the stock closed at $28.77.

Another research firm was Keefe Bruyette & Woods who reiterated their Market Perform stance on March 6. Keefe Bruyette & Woods increased their price target on FCB Financial Holdings Inc from $27 to $30. This translates to a 4.28% upside from the last closing price. On the date of report, the stock closed at $26.9.

Company profile

FCB Financial Holdings, Inc. acquires and owns insured depository institutions. The Company, through their subsidiaries, operates community banks in Florida, United States.

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