Insider Selling: FCB Financial Holdings Inc. (FCB) Insider Sells $401,500.00 in Stock
FCB Financial Holdings Inc. (NYSE:FCB) insider Stuart I. Oran sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $40.15, for a total transaction of $401,500.00. Following the completion of the sale, the insider now owns 15,104 shares in the company, valued at approximately $606,425.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
FCB Financial Holdings Inc. (NYSE:FCB) opened at 39.75 on Thursday. The stock’s 50 day moving average is $37.78 and its 200 day moving average is $36.54. FCB Financial Holdings Inc. has a 52 week low of $28.64 and a 52 week high of $41.06. The stock has a market cap of $1.63 billion, a PE ratio of 16.94 and a beta of 1.25.
FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm earned $75.40 million during the quarter, compared to analyst estimates of $48.24 million. FCB Financial Holdings had a net margin of 30.45% and a return on equity of 10.41%. FCB Financial Holdings’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. Analysts predict that FCB Financial Holdings Inc. will post $2.28 EPS for the current year.
Several equities research analysts recently issued reports on FCB shares. Deutsche Bank AG restated a “buy” rating on shares of FCB Financial Holdings in a report on Friday, October 21st. Hovde Group cut shares of FCB Financial Holdings from an “outperform” rating to a “market perform” rating in a report on Monday. Zacks Investment Research cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Finally, TheStreet upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Friday, August 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $41.50.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP raised its position in FCB Financial Holdings by 94.9% in the third quarter. Quantbot Technologies LP now owns 2,826 shares of the company’s stock valued at $108,000 after buying an additional 1,376 shares during the period. Victory Capital Management Inc. purchased a new position in FCB Financial Holdings during the third quarter valued at approximately $116,000. SG Americas Securities LLC purchased a new position in FCB Financial Holdings during the third quarter valued at approximately $142,000. Teacher Retirement System of Texas raised its position in FCB Financial Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,644 shares of the company’s stock valued at $158,000 after buying an additional 562 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in FCB Financial Holdings by 2,654.3% in the third quarter. PNC Financial Services Group Inc. now owns 4,820 shares of the company’s stock valued at $186,000 after buying an additional 4,645 shares during the period. Hedge funds and other institutional investors own 82.85% of the company’s stock.
About FCB Financial Holdings
FCB Financial Holdings, Inc is a bank holding company with one 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. The Company provides a range of financial products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through approximately 50 branches in south and central Florida.
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