FCB Financial Holdings Inc (NYSE:FCB) issued its quarterly earnings results on Thursday. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. The firm had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.44 million. FCB Financial Holdings had a net margin of 28.63% and a return on equity of 10.77%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS.
Shares of FCB Financial Holdings (NYSE:FCB) opened at 45.80 on Friday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 17.22 and a beta of 1.38. The firm’s 50-day moving average is $47.73 and its 200-day moving average is $46.39. FCB Financial Holdings has a 52 week low of $31.98 and a 52 week high of $50.33.
In related news, insider Vincent Tese sold 31,278 shares of the company’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $48.25, for a total transaction of $1,509,163.50. Following the completion of the sale, the insider now directly owns 408,369 shares in the company, valued at approximately $19,703,804.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stuart I. Oran sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $45.99, for a total value of $137,970.00. Following the sale, the insider now owns 10,104 shares of the company’s stock, valued at $464,682.96. The disclosure for this sale can be found here. Insiders have sold a total of 556,299 shares of company stock worth $26,700,144 in the last three months. Corporate insiders own 17.70% of the company’s stock.
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A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 target price on shares of FCB Financial Holdings in a research report on Wednesday, April 5th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $57.00 target price (up previously from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. FCB Financial Holdings has a consensus rating of “Buy” and a consensus price target of $50.75.
FCB Financial Holdings Company Profile
FCB Financial Holdings, Inc is a bank holding company with a national bank subsidiary, Florida Community Bank, National Association (the Bank). The Company operates in the Community Banking segment. Through the Bank, the Company provides a range of retail and commercial banking services. As of December 31, 2016, the Company provided a range of financial products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through 46 branches in south and central Florida.
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