Insider Selling: FCB Financial Holdings, Inc. (FCB) Director Sells $2,162,370.00 in Stock

FCB Financial Holdings, Inc. (NYSE:FCB) Director Alan S. Bernikow sold 44,130 shares of FCB Financial Holdings stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $49.00, for a total transaction of $2,162,370.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings data 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. The firm had revenue of $83.00 million during the quarter, compared to analyst estimates of $83.47 million. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. FCB Financial Holdings’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.56 EPS.

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Several research analysts have issued reports on the stock. BidaskClub cut shares of FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a report 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. ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $54.00 target price on shares of FCB Financial Holdings in a report on Friday, September 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 target price on shares of FCB Financial Holdings in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.40.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of FCB Financial Holdings by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock valued at $147,518,000 after purchasing an additional 262,969 shares during the last quarter. BlackRock Inc. raised its position in shares of FCB Financial Holdings by 6.8% in the 2nd quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock valued at $114,862,000 after purchasing an additional 153,627 shares during the last quarter. Wellington Management Group LLP raised its position in shares of FCB Financial Holdings by 66.6% in the 1st quarter. Wellington Management Group LLP now owns 1,606,383 shares of the bank’s stock valued at $79,596,000 after purchasing an additional 641,937 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of FCB Financial Holdings by 12.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,283,526 shares of the bank’s stock valued at $61,289,000 after purchasing an additional 137,471 shares during the last quarter. Finally, State Street Corp raised its position in shares of FCB Financial Holdings by 26.1% in the 1st quarter. State Street Corp now owns 1,090,544 shares of the bank’s stock valued at $54,036,000 after purchasing an additional 226,033 shares during the last quarter. 94.00% of the stock is owned by hedge funds and other institutional investors.

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)

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