FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 21,938 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $53.74, for a total transaction of $1,178,948.12. Following the completion of the transaction, the chief executive officer now owns 230,509 shares in the company, valued at $12,387,553.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of FCB Financial Holdings Inc (FCB) traded down $0.15 during trading hours on Friday, hitting $55.45. 166,607 shares of the company’s stock were exchanged, compared to its average volume of 198,906. The stock has a market cap of $2,470.35, a PE ratio of 20.31, a P/E/G ratio of 0.81 and a beta of 1.34. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. FCB Financial Holdings Inc has a 1-year low of $39.90 and a 1-year high of $57.20.
FCB Financial (NYSE:FCB) last released its earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. FCB Financial had a net margin of 30.60% and a return on equity of 11.82%. The firm had revenue of $85.85 million during the quarter, compared to analyst estimates of $88.53 million. During the same quarter last year, the business earned $0.62 EPS. equities research analysts forecast that FCB Financial Holdings Inc will post 3.62 earnings per share for the current year.
FCB has been the subject of a number of analyst reports. Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, December 26th. Royal Bank of Canada reaffirmed a “buy” rating and set a $54.00 target price on shares of FCB Financial in a research note on Wednesday, October 25th. Finally, Bank of America raised their target price on shares of FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. FCB Financial has a consensus rating of “Buy” and an average price target of $59.20.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Suntrust Banks Inc. increased its position in FCB Financial by 1.6% during the 2nd quarter. Suntrust Banks Inc. now owns 8,937 shares of the bank’s stock valued at $426,000 after purchasing an additional 142 shares during the period. HighTower Advisors LLC increased its position in FCB Financial by 0.8% during the 2nd quarter. HighTower Advisors LLC now owns 27,280 shares of the bank’s stock valued at $1,294,000 after purchasing an additional 227 shares during the period. Ameritas Investment Partners Inc. increased its position 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. Victory Capital Management Inc. increased its position 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. Finally, Symphony Asset Management LLC increased its position in FCB Financial by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 15,914 shares of the bank’s stock valued at $760,000 after purchasing an additional 613 shares during the period. Institutional investors own 92.52% of the company’s stock.
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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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