FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 17,075 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $55.26, for a total value of $943,564.50. Following the completion of the sale, the chief executive officer now directly owns 141,151 shares in the company, valued at $7,800,004.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
FCB Financial Holdings Inc (FCB) traded up $0.20 on Wednesday, reaching $54.10. The company had a trading volume of 4,585 shares, compared to its average volume of 199,381. FCB Financial Holdings Inc has a 1 year low of $39.90 and a 1 year high of $57.20. The firm has a market cap of $2,381.24, a PE ratio of 18.75, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. 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 released its earnings results on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $88.53 million. During the same period in the previous year, the firm posted $0.62 EPS. equities research analysts anticipate that FCB Financial Holdings Inc will post 3.62 EPS for the current year.
A number of brokerages recently commented on FCB. Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a research report on Thursday, January 11th. Royal Bank of Canada restated a “buy” rating and issued a $61.00 target price on shares of FCB Financial in a research report on Wednesday, January 24th. Finally, Bank of America lifted their target price on FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $59.20.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FCB. Cubist Systematic Strategies LLC purchased a new stake in FCB Financial during the 2nd quarter worth about $502,000. UBS Asset Management Americas Inc. lifted its holdings in FCB Financial by 9.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,221 shares of the bank’s stock worth $1,061,000 after buying an additional 1,899 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in FCB Financial during the 3rd quarter worth about $626,000. Voya Investment Management LLC lifted its holdings in FCB Financial by 40.8% during the 2nd quarter. Voya Investment Management LLC now owns 16,236 shares of the bank’s stock worth $775,000 after buying an additional 4,706 shares during the last quarter. Finally, Emerald Advisers Inc. PA lifted its holdings in FCB Financial by 6.7% during the 3rd quarter. Emerald Advisers Inc. PA now owns 677,903 shares of the bank’s stock worth $32,743,000 after buying an additional 42,390 shares during the last quarter. 93.26% of the stock is owned by hedge funds and other institutional investors.
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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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