FCB Financial Holdings Inc (NYSE:FCB) insider Les J. Lieberman sold 6,300 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $47.46, for a total transaction of $298,998.00. Following the transaction, the insider now directly owns 304,507 shares in the company, valued at approximately $14,451,902.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
FCB Financial Holdings Inc (NYSE:FCB) traded down 0.54% during mid-day trading on Friday, reaching $46.20. 80,366 shares of the company’s stock traded hands. FCB Financial Holdings Inc has a 52 week low of $31.98 and a 52 week high of $50.33. The stock’s 50 day moving average is $47.84 and its 200-day moving average is $46.33. The stock has a market capitalization of $1.97 billion, a PE ratio of 17.37 and a beta of 1.38.
FCB Financial Holdings (NYSE:FCB) last announced its earnings results on Thursday, April 20th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $81.10 million for the quarter, compared to analyst estimates of $80.44 million. FCB Financial Holdings had a net margin of 28.63% and a return on equity of 10.77%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. On average, equities analysts anticipate that FCB Financial Holdings Inc will post $2.66 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “FCB Financial Holdings Inc (FCB) Insider Sells $298,998.00 in Stock” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.chaffeybreeze.com/2017/05/19/fcb-financial-holdings-inc-fcb-insider-sells-298998-00-in-stock.html.
Several institutional investors have recently made changes to their positions in FCB. Goldman Sachs Group Inc. raised its position in shares of FCB Financial Holdings by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 165,503 shares of the bank’s stock worth $8,200,000 after buying an additional 31,616 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of FCB Financial Holdings during the first quarter valued at $357,000. HighTower Advisors LLC bought a new stake in shares of FCB Financial Holdings during the first quarter valued at $1,310,000. AQR Capital Management LLC increased its stake in shares of FCB Financial Holdings by 185.5% in the first quarter. AQR Capital Management LLC now owns 40,877 shares of the bank’s stock valued at $2,026,000 after buying an additional 26,560 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of FCB Financial Holdings during the first quarter valued at $216,000. Institutional investors and hedge funds own 95.97% of the company’s stock.
A number of research analysts have commented on FCB shares. Zacks Investment Research downgraded shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $52.00 price objective on shares of FCB Financial Holdings in a research report on Wednesday, April 5th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $57.00 price objective (up previously from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.75.
FCB Financial Holdings Company Profile
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.
Receive News & Ratings for FCB Financial Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.