Insider Selling: FCB Financial Holdings Inc (NYSE:FCB) Director Sells 30,000 Shares of Stock

FCB Financial Holdings Inc (NYSE:FCB) Director Frederic V. Salerno sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $54.98, for a total transaction of $1,649,400.00. Following the completion of the sale, the director now directly owns 34,200 shares of the company’s stock, valued at $1,880,316. The transaction was disclosed in a filing with the SEC, which is available at this link.

FCB Financial Holdings Inc (NYSE:FCB) traded up $0.30 during mid-day trading on Thursday, reaching $55.50. The company’s stock had a trading volume of 19,254 shares, compared to its average volume of 197,565. FCB Financial Holdings Inc has a 1-year low of $39.90 and a 1-year high of $57.20. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. The company has a market cap of $2,401.29, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.79 and a beta of 1.34.

FCB Financial (NYSE:FCB) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share 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 business had revenue of $85.85 million during the quarter, compared to the consensus estimate of $88.53 million. During the same period in the prior year, the company posted $0.62 EPS. equities analysts predict that FCB Financial Holdings Inc will post 3.62 EPS for the current fiscal year.

Several research firms recently issued reports on FCB. Royal Bank of Canada reissued a “buy” rating and issued a $61.00 target price on shares of FCB Financial in a report on Wednesday, January 24th. Bank of America increased their target price on shares of FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $59.20.

A number of hedge funds have recently bought and sold shares of FCB. Tower Research Capital LLC TRC bought a new position in FCB Financial in the 2nd quarter worth approximately $109,000. Valeo Financial Advisors LLC bought a new position in FCB Financial in the 3rd quarter worth approximately $146,000. Ameritas Investment Partners Inc. boosted its position in shares of 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. M&R Capital Management Inc. boosted its position in shares of FCB Financial by 600.0% during the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock valued at $152,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Bartlett & Co. LLC bought a new position in shares of FCB Financial during the 3rd quarter valued at approximately $201,000. Institutional investors and hedge funds own 93.26% of the company’s stock.

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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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