FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 17,068 shares of FCB Financial stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $52.05, for a total transaction of $888,389.40. Following the transaction, the chief executive officer now owns 149,531 shares in the company, valued at approximately $7,783,088.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of FCB Financial Holdings Inc (NYSE:FCB) opened at $55.75 on Friday. The firm has a market cap of $2,446.03, a PE ratio of 20.57, a PEG ratio of 0.90 and a beta of 1.35. FCB Financial Holdings Inc has a 1 year low of $39.90 and a 1 year high of $56.55. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93.
FCB Financial (NYSE:FCB) last released its earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. The company had revenue of $84.21 million during the quarter, compared to the consensus estimate of $87.16 million. During the same quarter in the previous year, the firm earned $0.60 EPS. equities research analysts forecast that FCB Financial Holdings Inc will post 2.82 earnings per share for the current fiscal year.
Several research firms recently weighed in on FCB. Zacks Investment Research upgraded shares of FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a report on Thursday. Royal Bank of Canada reaffirmed a “buy” rating and set a $54.00 price target on shares of FCB Financial in a research note 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 note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. FCB Financial has an average rating of “Buy” and an average target price of $56.00.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in FCB Financial during the 2nd quarter valued at about $109,000. Valeo Financial Advisors LLC acquired a new position in FCB Financial during the 3rd quarter valued at about $146,000. Ameritas Investment Partners Inc. boosted its stake in FCB Financial by 19.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after purchasing an additional 504 shares during the period. M&R Capital Management Inc. boosted its stake in FCB Financial by 600.0% during the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock valued at $152,000 after purchasing an additional 3,000 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in FCB Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock valued at $194,000 after purchasing an additional 609 shares during the period. 93.72% of the stock is owned by institutional investors and hedge funds.
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About FCB Financial
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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