Boston Partners raised its holdings in shares of FCB Financial Holdings Inc (NYSE:FCB) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 890,811 shares of the bank’s stock after acquiring an additional 40,711 shares during the quarter. Boston Partners owned approximately 2.00% of FCB Financial worth $45,253,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in FCB. Suntrust Banks Inc. raised its stake 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 acquiring an additional 142 shares during the last quarter. HighTower Advisors LLC raised its stake 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 acquiring an additional 227 shares during the last quarter. Ameritas Investment Partners Inc. raised 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 acquiring an additional 504 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of FCB Financial by 34.5% during the 3rd quarter. Victory Capital Management Inc. now owns 5,464 shares of the bank’s stock worth $264,000 after buying an additional 1,402 shares in the last quarter. Finally, Gotham Asset Management LLC raised its stake in shares of FCB Financial by 37.9% during the 2nd quarter. Gotham Asset Management LLC now owns 6,015 shares of the bank’s stock worth $287,000 after buying an additional 1,652 shares in the last quarter. 93.26% of the stock is owned by institutional investors and hedge funds.
Shares of FCB Financial Holdings Inc (FCB) opened at $53.90 on Wednesday. The company has a market capitalization of $2,381.24, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. FCB Financial Holdings Inc has a fifty-two week low of $39.90 and a fifty-two week high of $57.20.
FCB Financial (NYSE:FCB) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. FCB Financial had a return on equity of 11.82% and a net margin of 30.60%. The firm had revenue of $85.85 million for the quarter, compared to analysts’ expectations of $88.53 million. During the same quarter in the prior year, the firm earned $0.62 EPS. equities research analysts forecast that FCB Financial Holdings Inc will post 3.62 earnings per share for the current year.
In related news, Director Frederic V. Salerno sold 20,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $48.48, for a total value of $969,600.00. Following the transaction, the director now directly owns 24,200 shares of the company’s stock, valued at approximately $1,173,216. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Vincent Tese sold 219,554 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $52.85, for a total value of $11,603,428.90. Following the completion of the transaction, the chairman now directly owns 393,818 shares in the company, valued at $20,813,281.30. The disclosure for this sale can be found here. Insiders have sold 868,455 shares of company stock worth $45,907,185 in the last 90 days. Insiders own 15.40% of the company’s stock.
A number of equities analysts have recently issued reports on FCB shares. Zacks Investment Research raised FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Tuesday, December 26th. Royal Bank of Canada reissued 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 upped their price target on FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $59.20.
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FCB Financial 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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