FCB Financial Holdings Inc (NYSE:FCB) insider Stuart I. Oran sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $51.79, for a total value of $258,950.00. Following the completion of the sale, the insider now owns 12,104 shares of the company’s stock, valued at approximately $626,866.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
FCB Financial Holdings Inc (FCB) opened at $55.75 on Friday. The firm has a market capitalization of $2,420.00, a PE ratio of 18.90, a PEG ratio of 0.90 and a beta of 1.35. 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 Holdings Inc has a one year low of $39.90 and a one year high of $56.55.
FCB Financial (NYSE:FCB) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $84.21 million during the quarter, compared to analyst estimates of $87.16 million. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. During the same quarter in the prior year, the company posted $0.60 earnings per share. research analysts forecast that FCB Financial Holdings Inc will post 2.84 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in shares of FCB Financial in the second quarter worth about $502,000. UBS Asset Management Americas Inc. boosted its stake in shares of FCB Financial by 9.3% in the second quarter. UBS Asset Management Americas Inc. now owns 22,221 shares of the bank’s stock worth $1,061,000 after acquiring an additional 1,899 shares during the period. Chicago Equity Partners LLC bought a new position in shares of FCB Financial in the third quarter worth about $626,000. Voya Investment Management LLC boosted its stake in shares of FCB Financial by 40.8% in the second quarter. Voya Investment Management LLC now owns 16,236 shares of the bank’s stock worth $775,000 after acquiring an additional 4,706 shares during the period. Finally, Emerald Advisers Inc. PA boosted its stake in FCB Financial by 6.7% during the third quarter. Emerald Advisers Inc. PA now owns 677,903 shares of the bank’s stock valued at $32,743,000 after buying an additional 42,390 shares during the last quarter. 93.72% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on FCB shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price target on shares of FCB Financial in a research report on Tuesday, October 3rd. Zacks Investment Research cut FCB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $54.00 price target on shares of FCB Financial in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price 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.
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