FCB Financial Holdings Inc (NYSE:FCB) insider Stuart I. Oran sold 3,000 shares of FCB Financial Holdings stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $47.75, for a total transaction of $143,250.00. Following the sale, the insider now directly owns 10,104 shares in the company, valued at approximately $482,466. The sale was disclosed in a legal filing with the SEC, which is available at this link.
FCB Financial Holdings Inc (NYSE:FCB) opened at 45.80 on Friday. FCB Financial Holdings Inc has a 52 week low of $31.98 and a 52 week high of $50.33. The stock has a 50 day moving average of $47.73 and a 200 day moving average of $46.39. The company has a market cap of $1.95 billion, a P/E ratio of 17.22 and a beta of 1.38.
FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings data on Thursday, April 20th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The firm had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $80.44 million. FCB Financial Holdings had a return on equity of 10.77% and a net margin of 28.63%. FCB Financial Holdings’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. On average, analysts expect that FCB Financial Holdings Inc will post $2.66 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its position in FCB Financial Holdings by 6.6% in the third quarter. Suntrust Banks Inc. now owns 8,405 shares of the bank’s stock valued at $322,000 after buying an additional 519 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of FCB Financial Holdings by 32.5% in the third quarter. Citadel Advisors LLC now owns 418,015 shares of the bank’s stock worth $16,065,000 after buying an additional 102,558 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of FCB Financial Holdings by 108.6% in the fourth quarter. Two Sigma Investments LP now owns 322,698 shares of the bank’s stock worth $15,393,000 after buying an additional 168,027 shares in the last quarter. State Street Corp boosted its position in shares of FCB Financial Holdings by 72.0% in the fourth quarter. State Street Corp now owns 864,511 shares of the bank’s stock worth $41,233,000 after buying an additional 361,838 shares in the last quarter. Finally, Foresters Investment Management Company Inc. boosted its position in shares of FCB Financial Holdings by 2.2% in the fourth quarter. Foresters Investment Management Company Inc. now owns 137,500 shares of the bank’s stock worth $6,621,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.
A number of brokerages have recently weighed in on FCB. Zacks Investment Research raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, March 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 price objective on shares of FCB Financial Holdings in a research note on Wednesday, April 5th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $57.00 price objective (up previously from $56.00) on shares of FCB Financial Holdings in a research note on Sunday, April 23rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price 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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