Hsbc Holdings PLC raised its stake in FCB Financial Holdings Inc (NYSE:FCB) by 75.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,702 shares of the bank’s stock after buying an additional 68,505 shares during the quarter. Hsbc Holdings PLC’s holdings in FCB Financial were worth $5,363,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. First Trust Advisors LP grew its holdings in shares of FCB Financial by 54.1% in the third quarter. First Trust Advisors LP now owns 40,952 shares of the bank’s stock valued at $1,941,000 after purchasing an additional 14,369 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of FCB Financial by 348.5% during the third quarter. Systematic Financial Management LP now owns 33,415 shares of the bank’s stock worth $1,584,000 after purchasing an additional 25,965 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of FCB Financial by 1,178.6% during the third quarter. SG Americas Securities LLC now owns 43,012 shares of the bank’s stock worth $2,039,000 after purchasing an additional 39,648 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of FCB Financial by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 1,291,055 shares of the bank’s stock worth $61,197,000 after purchasing an additional 9,096 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of FCB Financial by 4.7% during the third quarter. Swiss National Bank now owns 81,600 shares of the bank’s stock worth $3,868,000 after purchasing an additional 3,700 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded FCB Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 3rd. TheStreet downgraded FCB Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $53.60.
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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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