Water Island Capital LLC raised its stake in shares of FCB Financial Holdings Inc (NYSE:FCB) by 544.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,516,433 shares of the bank’s stock after purchasing an additional 1,280,990 shares during the period. FCB Financial accounts for approximately 3.8% of Water Island Capital LLC’s investment portfolio, making the stock its 7th biggest position. Water Island Capital LLC owned approximately 3.24% of FCB Financial worth $50,922,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in shares of FCB Financial in the 4th quarter worth about $27,697,000. Alpine Associates Management Inc. bought a new position in shares of FCB Financial in the 3rd quarter worth about $24,635,000. Neuberger Berman Group LLC raised its position in shares of FCB Financial by 61.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,362,113 shares of the bank’s stock worth $64,564,000 after acquiring an additional 516,313 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of FCB Financial by 42.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,082,070 shares of the bank’s stock worth $51,290,000 after acquiring an additional 325,093 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of FCB Financial by 26.3% in the 3rd quarter. Macquarie Group Ltd. now owns 795,296 shares of the bank’s stock worth $37,697,000 after acquiring an additional 165,485 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.
Shares of FCB traded down $0.10 during trading hours on Tuesday, hitting $33.58. The stock had a trading volume of 6,149,817 shares, compared to its average volume of 954,327. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $1.57 billion, a PE ratio of 10.24, a P/E/G ratio of 0.45 and a beta of 1.41. FCB Financial Holdings Inc has a 1-year low of $31.52 and a 1-year high of $62.95.
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About FCB Financial
FCB Financial Holdings, Inc operates as the bank holding company for Florida Community Bank, N.A. that provides various financial products and services to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company offers various deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificates of deposit; checking products; and money market accounts and IRAs.
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