Palisade Capital Management LLC NJ Maintains Stake in FCB Financial Holdings, Inc. (FCB)

Palisade Capital Management LLC NJ maintained its position in shares of FCB Financial Holdings, Inc. (NYSE:FCB) during the second quarter, according to its most recent filing with the SEC. The firm owned 10,400 shares of the bank’s stock at the end of the second quarter. Palisade Capital Management LLC NJ’s holdings in FCB Financial Holdings were worth $497,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FCB. Oppenheimer Asset Management Inc. acquired a new position in shares of FCB Financial Holdings during the first quarter valued at approximately $117,000. Ameritas Investment Partners Inc. acquired a new position in shares of FCB Financial Holdings during the first quarter valued at approximately $128,000. SG Americas Securities LLC increased its position in shares of FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock valued at $168,000 after buying an additional 649 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of FCB Financial Holdings by 16.7% in the first quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock valued at $171,000 after buying an additional 494 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new position in shares of FCB Financial Holdings during the first quarter valued at approximately $204,000. Institutional investors own 95.44% of the company’s stock.

Shares of FCB Financial Holdings, Inc. (FCB) opened at 45.50 on Thursday. The company has a 50-day moving average price of $47.33 and a 200 day moving average price of $47.55. The company has a market capitalization of $1.97 billion, a P/E ratio of 15.86 and a beta of 1.29. FCB Financial Holdings, Inc. has a 1-year low of $35.18 and a 1-year high of $50.33.

FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The company had revenue of $83 million during the quarter, compared to the consensus estimate of $83.47 million. During the same period last year, the business posted $0.56 earnings per share. FCB Financial Holdings’s revenue was up 13.4% on a year-over-year basis. Equities research analysts anticipate that FCB Financial Holdings, Inc. will post $2.80 EPS for the current year.

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Several research analysts have recently commented on FCB shares. Zacks Investment Research upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Friday, July 28th. ValuEngine upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Deutsche Bank AG reiterated a “buy” rating and set a $57.00 target price (up from $56.00) on shares of FCB Financial Holdings in a research note on Sunday, April 23rd. BidaskClub downgraded FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 target price on shares of FCB Financial Holdings in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.67.

In other FCB Financial Holdings news, CEO Kent S. Ellert sold 12,635 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $47.06, for a total transaction of $594,603.10. Following the completion of the transaction, the chief executive officer now directly owns 145,882 shares of the company’s stock, valued at $6,865,206.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kent S. Ellert sold 15,673 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $46.46, for a total value of $728,167.58. Following the transaction, the chief executive officer now directly owns 146,912 shares of the company’s stock, valued at $6,825,531.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 554,546 shares of company stock valued at $26,154,725. 15.40% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for FCB Financial Holdings (NYSE:FCB)

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