Insider Selling: FCB Financial Holdings Inc (FCB) CEO Sells 32,301 Shares of Stock

FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 32,301 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $55.16, for a total transaction of $1,781,723.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

FCB Financial Holdings Inc (NYSE:FCB) opened at $56.60 on Friday. FCB Financial Holdings Inc has a 1 year low of $39.90 and a 1 year high of $56.65. The company has a market cap of $2,472.57, a PE ratio of 19.12, a P/E/G ratio of 0.90 and a beta of 1.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94.

FCB Financial (NYSE:FCB) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. The business had revenue of $84.21 million for the quarter, compared to analyst estimates of $87.16 million. During the same period last year, the firm earned $0.60 earnings per share. analysts anticipate that FCB Financial Holdings Inc will post 2.82 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in FCB. Tower Research Capital LLC TRC bought a new position in FCB Financial in the 2nd quarter valued at about $109,000. Valeo Financial Advisors LLC bought a new position in FCB Financial in the 3rd quarter valued at about $146,000. Ameritas Investment Partners Inc. increased its holdings in FCB Financial by 19.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after buying an additional 504 shares during the period. M&R Capital Management Inc. increased its holdings in FCB Financial by 600.0% in the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock valued at $152,000 after buying an additional 3,000 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in FCB Financial by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock valued at $194,000 after buying an additional 609 shares during the period. 93.98% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on FCB. Zacks Investment Research raised shares of FCB Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $54.00 price target on shares of FCB Financial in a research report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price target on shares of FCB Financial in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.00.

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FCB Financial Company Profile

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 (NYSE:FCB)

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