FCB Financial Holdings Inc (NYSE:FCB) insider Stuart I. Oran sold 5,417 shares of FCB Financial stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.43, for a total value of $300,264.31. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of FCB Financial Holdings Inc (NYSE FCB) traded down $0.80 during mid-day trading on Thursday, reaching $54.60. The company’s stock had a trading volume of 121,646 shares, compared to its average volume of 191,594. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94. FCB Financial Holdings Inc has a 52-week low of $39.90 and a 52-week high of $57.20. The company has a market capitalization of $2,420.00, a price-to-earnings ratio of 22.66, a P/E/G ratio of 0.81 and a beta of 1.34.
FCB Financial (NYSE:FCB) last issued its quarterly 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 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 analyst estimates of $88.53 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. equities analysts expect that FCB Financial Holdings Inc will post 3.62 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB bought a new stake in FCB Financial during the fourth quarter worth about $266,000. Pier Capital LLC lifted its stake in shares of FCB Financial by 33.9% in the 4th quarter. Pier Capital LLC now owns 140,047 shares of the bank’s stock valued at $7,114,000 after acquiring an additional 35,467 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of FCB Financial in the 4th quarter valued at about $843,000. Macquarie Group Ltd. lifted its stake in shares of FCB Financial by 5.2% in the 4th quarter. Macquarie Group Ltd. now owns 533,377 shares of the bank’s stock valued at $27,096,000 after acquiring an additional 26,485 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of FCB Financial by 46.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 193,667 shares of the bank’s stock valued at $9,838,000 after acquiring an additional 61,784 shares during the last quarter. 91.78% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on FCB. Royal Bank of Canada reissued a “buy” rating and set a $61.00 price objective on shares of FCB Financial in a research note on Wednesday, January 24th. Zacks Investment Research raised FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a research note on Thursday, January 11th. Finally, Bank of America lifted their price objective on FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.20.
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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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