Insider Selling: FCB Financial Holdings, Inc. (FCB) Insider Sells 11,142 Shares of Stock

FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 11,142 shares of the stock in a transaction on Friday, October 13th. The shares were sold at an average price of $47.62, for a total transaction of $530,582.04. The sale was disclosed in a legal filing with the SEC, which is available through this link.

FCB Financial Holdings, Inc. (FCB) traded down 0.53% during midday trading on Tuesday, hitting $46.65. 333,524 shares of the stock traded hands. The firm’s 50-day moving average is $45.60 and its 200-day moving average is $46.65. FCB Financial Holdings, Inc. has a 52-week low of $35.55 and a 52-week high of $50.33. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 16.26 and a beta of 1.33.

FCB Financial Holdings (NYSE:FCB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. The firm had revenue of $83.00 million during the quarter, compared to analyst estimates of $83.47 million. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. Analysts predict that FCB Financial Holdings, Inc. will post $2.78 EPS for the current year.

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Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price target on shares of FCB Financial Holdings in a research report on Thursday, July 27th. BidaskClub cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Royal Bank Of Canada reissued a “buy” rating and set a $54.00 price target on shares of FCB Financial Holdings in a research report on Friday, September 8th. Zacks Investment Research cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.40.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of FCB Financial Holdings by 9.3% during the second quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock valued at $147,518,000 after purchasing an additional 262,969 shares during the period. BlackRock Inc. boosted its stake in shares of FCB Financial Holdings by 6.8% during the second quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock valued at $114,862,000 after purchasing an additional 153,627 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of FCB Financial Holdings by 12.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,283,526 shares of the bank’s stock valued at $61,289,000 after purchasing an additional 137,471 shares during the period. State Street Corp boosted its stake in shares of FCB Financial Holdings by 26.1% during the first quarter. State Street Corp now owns 1,090,544 shares of the bank’s stock valued at $54,036,000 after purchasing an additional 226,033 shares during the period. Finally, Boston Partners boosted its stake in shares of FCB Financial Holdings by 1.2% during the second quarter. Boston Partners now owns 823,113 shares of the bank’s stock valued at $39,304,000 after purchasing an additional 9,869 shares during the period. 93.76% of the stock is owned by hedge funds and other 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.

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

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