FCB Financial Holdings, Inc. (FCB) Insider Stuart I. Oran Sells 6,090 Shares

FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 6,090 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $270,091.50. Following the completion of the sale, the insider now directly owns 18,245 shares in the company, valued at $809,165.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of FCB Financial Holdings, Inc. (NYSE:FCB) traded up 2.37% on Wednesday, hitting $45.35. 295,771 shares of the company were exchanged. The company has a 50-day moving average price of $44.17 and a 200 day moving average price of $46.73. FCB Financial Holdings, Inc. has a 52-week low of $35.55 and a 52-week high of $50.33. The firm has a market cap of $1.97 billion, a P/E ratio of 15.81 and a beta of 1.31.

FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The firm had revenue of $83.00 million for the quarter, compared to analyst estimates of $83.47 million. During the same quarter last year, the firm posted $0.56 earnings per share. FCB Financial Holdings’s revenue for the quarter was up 13.4% compared to the same quarter last year. Analysts predict that FCB Financial Holdings, Inc. will post $2.76 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “FCB Financial Holdings, Inc. (FCB) Insider Stuart I. Oran Sells 6,090 Shares” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/09/20/fcb-financial-holdings-inc-fcb-insider-stuart-i-oran-sells-6090-shares.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in FCB Financial Holdings by 9.3% in the second quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock valued at $147,518,000 after buying an additional 262,969 shares during the period. BlackRock Inc. raised its holdings in FCB Financial Holdings by 6.8% in the second quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock valued at $114,862,000 after buying an additional 153,627 shares during the period. JPMorgan Chase & Co. raised its holdings in FCB Financial Holdings by 34.1% in the first quarter. JPMorgan Chase & Co. now owns 1,672,170 shares of the bank’s stock valued at $82,857,000 after buying an additional 425,549 shares during the period. Wellington Management Group LLP raised its holdings in FCB Financial Holdings by 66.6% in the first quarter. Wellington Management Group LLP now owns 1,606,383 shares of the bank’s stock valued at $79,596,000 after buying an additional 641,937 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in FCB Financial Holdings by 12.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,283,526 shares of the bank’s stock valued at $61,289,000 after buying an additional 137,471 shares during the period. Hedge funds and other institutional investors own 94.00% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada restated a “buy” rating and issued a $54.00 price objective on shares of FCB Financial Holdings in a report on Friday, September 8th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a report on Thursday, July 27th. Finally, ValuEngine upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $53.40.

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)

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.

Latest News

Leave a Reply