Kent S. Ellert Sells 21,938 Shares of FCB Financial Holdings Inc (FCB) Stock

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.

WARNING: “Kent S. Ellert Sells 21,938 Shares of FCB Financial Holdings Inc (FCB) Stock” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/04/kent-s-ellert-sells-21938-shares-of-fcb-financial-holdings-inc-fcb-stock.html.

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.

Insider Buying and Selling by Quarter for FCB Financial (NYSE:FCB)

Receive News & Ratings for FCB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply