FCB Financial Holdings Inc (FCB) CEO Kent S. Ellert Sells 13,120 Shares of Stock

FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 13,120 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $52.15, for a total transaction of $684,208.00. Following the transaction, the chief executive officer now directly owns 263,136 shares of the company’s stock, valued at $13,722,542.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

FCB Financial Holdings Inc (NYSE:FCB) opened at $53.15 on Wednesday. The firm has a market cap of $2,300.00, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.16 and a beta of 1.35. FCB Financial Holdings Inc has a 52 week low of $39.90 and a 52 week high of $54.10. 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 (NYSE:FCB) last posted its earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.05. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. The company had revenue of $84.21 million during the quarter, compared to analysts’ expectations of $87.16 million. During the same period last year, the company posted $0.60 earnings per share. equities analysts predict that FCB Financial Holdings Inc will post 2.84 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of FCB Financial 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 buying an additional 262,969 shares in the last quarter. BlackRock Inc. grew its stake in shares of FCB Financial by 6.8% in the 2nd quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock worth $114,862,000 after buying an additional 153,627 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of FCB Financial by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,457,037 shares of the bank’s stock worth $70,374,000 after buying an additional 173,511 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of FCB Financial by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,228,478 shares of the bank’s stock worth $58,968,000 after buying an additional 6,191 shares in the last quarter. Finally, Boston Partners grew its stake in shares of FCB Financial by 3.3% in the 3rd quarter. Boston Partners now owns 850,100 shares of the bank’s stock worth $41,059,000 after buying an additional 26,987 shares in the last quarter. 93.72% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on FCB shares. Zacks Investment Research cut shares of FCB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 target price on shares of FCB Financial in a research note on Tuesday, October 3rd. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.60.

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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.

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

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