FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 11,142 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $47.62, for a total value of $530,582.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of FCB Financial Holdings, Inc. (FCB) opened at 47.35 on Friday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 16.50 and a beta of 1.34. The company has a 50-day moving average price of $46.29 and a 200-day moving average price of $46.55. FCB Financial Holdings, Inc. has a 12 month low of $35.55 and a 12 month high of $50.33.
FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $84.21 million for the quarter, compared to analyst estimates of $87.16 million. FCB Financial Holdings had a return on equity of 11.70% and a net margin of 34.09%. During the same quarter in the prior year, the company earned $0.60 earnings per share. Analysts forecast that FCB Financial Holdings, Inc. will post $2.82 earnings per share for the current fiscal year.
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A number of brokerages have issued reports on FCB. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 target price on shares of FCB Financial Holdings in a report on Tuesday, October 3rd. BidaskClub cut FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and set a $54.00 target price on shares of FCB Financial Holdings in a report on Wednesday. Zacks Investment Research cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, ValuEngine upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. FCB Financial Holdings has a consensus rating of “Hold” and a consensus price target of $53.40.
A number of large investors have recently made changes to their positions in FCB. UBS Asset Management Americas Inc. boosted its holdings in FCB Financial Holdings by 57.5% in the first quarter. UBS Asset Management Americas Inc. now owns 20,322 shares of the bank’s stock worth $1,007,000 after acquiring an additional 7,418 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in FCB Financial Holdings by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 28,660 shares of the bank’s stock worth $1,420,000 after acquiring an additional 285 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in FCB Financial Holdings in the first quarter worth approximately $128,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in FCB Financial Holdings in the first quarter worth approximately $296,000. Finally, SG Americas Securities LLC boosted its holdings in FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock worth $168,000 after acquiring an additional 649 shares in the last quarter. Institutional investors and hedge funds own 93.73% of the company’s stock.
FCB Financial Holdings 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.
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