FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 32,142 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.52, for a total transaction of $1,527,387.84. Following the completion of the sale, the insider now owns 18,246 shares in the company, valued at approximately $867,049.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
FCB Financial Holdings, Inc. (FCB) opened at $47.30 on Wednesday. The company has a market cap of $2,033.55, a P/E ratio of 17.12, a P/E/G ratio of 1.15 and a beta of 1.30. FCB Financial Holdings, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $50.33. 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 (NYSE:FCB) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. The company had revenue of $84.21 million during the quarter, compared to the consensus estimate of $87.16 million. FCB Financial Holdings had a net margin of 34.09% and a return on equity of 11.42%. During the same period last year, the firm earned $0.60 EPS. analysts predict that FCB Financial Holdings, Inc. will post 2.84 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of FCB. BlackRock Inc. lifted its stake in FCB Financial Holdings by 11,599.9% in the 1st quarter. BlackRock Inc. now owns 2,251,886 shares of the bank’s stock worth $111,582,000 after purchasing an additional 2,232,639 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in FCB Financial Holdings in the 2nd quarter worth approximately $17,499,000. TimesSquare Capital Management LLC lifted its stake in FCB Financial Holdings by 217.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 532,600 shares of the bank’s stock worth $25,432,000 after purchasing an additional 364,800 shares in the last quarter. Macquarie Group Ltd. lifted its stake in FCB Financial Holdings by 159.3% in the 3rd quarter. Macquarie Group Ltd. now owns 506,892 shares of the bank’s stock worth $24,483,000 after purchasing an additional 311,406 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in FCB Financial Holdings by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock worth $147,518,000 after purchasing an additional 262,969 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.
FCB has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a research report on Thursday, July 27th. Zacks Investment Research raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Friday, July 28th. ValuEngine downgraded shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $54.00 target price on shares of FCB Financial Holdings in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. FCB Financial Holdings has an average rating of “Hold” and a consensus target price of $53.40.
About FCB Financial Holdings
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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