Insider Selling: FCB Financial Holdings, Inc. (FCB) Insider Sells $1,994,015.52 in Stock

FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 37,744 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $52.83, for a total transaction of $1,994,015.52. The sale was disclosed in a document filed with the SEC, which is available at this link.

FCB Financial Holdings, Inc. (NYSE:FCB) opened at $52.40 on Monday. The company has a market cap of $2,299.03, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.30 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94. FCB Financial Holdings, Inc. has a 12-month low of $39.90 and a 12-month high of $53.50.

FCB Financial (NYSE:FCB) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.05. The company had revenue of $84.21 million during the quarter, compared to the consensus estimate of $87.16 million. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. During the same quarter in the prior year, the firm earned $0.60 EPS. sell-side analysts expect that FCB Financial Holdings, Inc. will post 2.84 earnings per share for the current year.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of FCB Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price target on shares of FCB Financial in a research note on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 price target on shares of FCB Financial in a research note on Wednesday, October 25th. Finally, ValuEngine cut shares of FCB Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.40.

A number of institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new position in shares of FCB Financial in the 2nd quarter valued at about $17,499,000. TimesSquare Capital Management LLC increased its holdings in shares of FCB Financial by 217.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 532,600 shares of the bank’s stock valued at $25,432,000 after purchasing an additional 364,800 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of FCB Financial by 159.3% in the 3rd quarter. Macquarie Group Ltd. now owns 506,892 shares of the bank’s stock valued at $24,483,000 after purchasing an additional 311,406 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of FCB Financial by 9.3% in the 2nd 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 in the last quarter. Finally, Chartwell Investment Partners LLC purchased a new position in shares of FCB Financial in the 3rd quarter valued at about $11,094,000. Institutional investors own 94.08% of the company’s stock.

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About FCB Financial

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 (NYSE:FCB)

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