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.
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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.
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