FCB Financial Holdings Inc (FCB) Insider Sells $143,250.00 in Stock

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.

Insider Buying and Selling by Quarter for FCB Financial Holdings (NYSE:FCB)

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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.

12 Month Chart for NYSE:FCB

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