FCB Financial Holdings, Inc. (FCB) CEO Sells $1,001,810.48 in Stock

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.

COPYRIGHT VIOLATION NOTICE: This piece was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/2799405/fcb-financial-holdings-inc-fcb-ceo-sells-1001810-48-in-stock.html.

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.

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

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.