FCB Financial Holdings, Inc. (NYSE:FCB) CEO Kent S. Ellert sold 21,703 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $46.16, for a total value of $1,001,810.48. Following the completion of the sale, the chief executive officer now owns 148,884 shares of the company’s stock, valued at approximately $6,872,485.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
FCB Financial Holdings, Inc. (FCB) traded down 2.75% on Thursday, hitting $44.25. The stock had a trading volume of 270,853 shares. FCB Financial Holdings, Inc. has a 1-year low of $35.55 and a 1-year high of $50.33. The stock’s 50-day moving average is $47.33 and its 200 day moving average is $47.55. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 15.42 and a beta of 1.29.
FCB Financial Holdings (NYSE:FCB) last posted its earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $83 million during the quarter, compared to analyst estimates of $83.47 million. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. FCB Financial Holdings’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. On average, equities research analysts predict that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current fiscal year.
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Several research firms have weighed in on FCB. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a report on Thursday, July 27th. BidaskClub cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Deutsche Bank AG reiterated a “buy” rating and issued a $57.00 price objective (up previously from $56.00) on shares of FCB Financial Holdings in a report on Sunday, April 23rd. Finally, ValuEngine upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.67.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in FCB Financial Holdings by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock worth $140,048,000 after buying an additional 101,061 shares in the last quarter. BlackRock Inc. raised its stake in FCB Financial Holdings by 6.8% in the second quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock worth $114,862,000 after buying an additional 153,627 shares in the last quarter. Bank of New York Mellon Corp raised its stake in FCB Financial Holdings by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 1,836,037 shares of the bank’s stock worth $90,975,000 after buying an additional 44,901 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 worth $82,857,000 after buying an additional 425,549 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake 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 worth $79,596,000 after buying an additional 641,937 shares in the last quarter. Institutional investors own 95.44% of the company’s stock.
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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