FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 18,499 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $55.36, for a total transaction of $1,024,104.64. Following the sale, the chief executive officer now directly owns 232,689 shares of the company’s stock, valued at $12,881,663.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
FCB Financial Holdings Inc (FCB) opened at $55.50 on Friday. The firm has a market cap of $2,410.00, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.35. FCB Financial Holdings Inc has a 12-month low of $39.90 and a 12-month 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 posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.05. The business had revenue of $84.21 million during the quarter, compared to analyst estimates of $87.16 million. FCB Financial had a net margin of 38.19% and a return on equity of 11.35%. During the same period in the prior year, the business posted $0.60 earnings per share. sell-side analysts anticipate that FCB Financial Holdings Inc will post 2.82 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new position in shares of FCB Financial in the second quarter worth approximately $109,000. Valeo Financial Advisors LLC bought a new position in shares of FCB Financial during the third quarter worth $146,000. Ameritas Investment Partners Inc. boosted its position in shares of FCB Financial by 19.5% during the second quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after acquiring an additional 504 shares during the last quarter. M&R Capital Management Inc. boosted its position in shares of FCB Financial by 600.0% during the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of FCB Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after acquiring an additional 609 shares during the last quarter. Institutional investors and hedge funds own 93.98% of the company’s stock.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a report on Thursday, January 11th. Royal Bank of Canada reiterated a “buy” rating and issued a $54.00 price target on shares of FCB Financial in a research report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price target on shares of FCB Financial in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average 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.
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