FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 11,142 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $48.90, for a total transaction of $544,843.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of FCB Financial Holdings, Inc. (NYSE:FCB) opened at 48.95 on Wednesday. FCB Financial Holdings, Inc. has a 12 month low of $35.55 and a 12 month high of $50.33. The firm has a 50-day moving average of $45.19 and a 200 day moving average of $46.65. The firm has a market cap of $2.12 billion, a P/E ratio of 17.06 and a beta of 1.34.
FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The company had revenue of $83.00 million for the quarter, compared to the consensus estimate of $83.47 million. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. On average, equities research analysts anticipate that FCB Financial Holdings, Inc. will post $2.76 EPS for the current fiscal year.
Several analysts have issued reports on FCB shares. BidaskClub downgraded shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of FCB Financial Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Royal Bank Of Canada started coverage on shares of FCB Financial Holdings in a research report on Monday, July 17th. They issued an “outperform” rating and a $56.00 price objective for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.40.
Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC increased its position in FCB Financial Holdings by 23.6% in the 1st quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock worth $168,000 after buying an additional 649 shares during the period. Whittier Trust Co. increased its position in FCB Financial Holdings by 2.6% in the 2nd quarter. Whittier Trust Co. now owns 50,389 shares of the bank’s stock worth $2,406,000 after buying an additional 1,278 shares during the period. Vanguard Group Inc. increased its position in FCB Financial Holdings by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock worth $140,048,000 after buying an additional 101,061 shares during the period. Emerald Advisers Inc. PA increased its position in FCB Financial Holdings by 33.1% in the 2nd quarter. Emerald Advisers Inc. PA now owns 635,513 shares of the bank’s stock worth $30,346,000 after buying an additional 158,130 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in FCB Financial Holdings by 1.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 28,660 shares of the bank’s stock worth $1,420,000 after buying an additional 285 shares during the period. 94.00% of the stock is currently owned by institutional investors.
About FCB Financial Holdings
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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