FCB Financial Holdings Inc. (FCB) Insider Stuart I. Oran Sells 20,000 Shares of Stock
FCB Financial Holdings Inc. (NYSE:FCB) insider Stuart I. Oran sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $42.29, for a total value of $845,800.00. Following the completion of the sale, the insider now owns 25,104 shares in the company, valued at $1,061,648.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of FCB Financial Holdings Inc. (NYSE:FCB) traded up 0.47% during trading on Thursday, hitting $42.60. The stock had a trading volume of 609,205 shares. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 18.16 and a beta of 1.25. The stock’s 50 day moving average is $38.26 and its 200 day moving average is $36.79. FCB Financial Holdings Inc. has a 52 week low of $28.64 and a 52 week high of $42.65.
FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. FCB Financial Holdings had a net margin of 30.45% and a return on equity of 10.41%. The firm earned $75.40 million during the quarter, compared to analysts’ expectations of $48.24 million. During the same quarter in the previous year, the company posted $0.48 EPS. FCB Financial Holdings’s revenue was up 18.2% on a year-over-year basis. On average, equities research analysts expect that FCB Financial Holdings Inc. will post $2.28 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Credit Suisse AG boosted its position in FCB Financial Holdings by 104.7% in the third quarter. Credit Suisse AG now owns 63,435 shares of the company’s stock valued at $2,437,000 after buying an additional 32,451 shares during the period. Jane Street Group LLC bought a new position in FCB Financial Holdings during the third quarter worth $263,000. D. E. Shaw & Co. Inc. increased its position in FCB Financial Holdings by 137.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 41,231 shares of the company’s stock worth $1,585,000 after buying an additional 23,895 shares during the period. Clinton Group Inc. bought a new position in FCB Financial Holdings during the third quarter worth $446,000. Finally, The Manufacturers Life Insurance Company bought a new position in FCB Financial Holdings during the third quarter worth $23,776,000. Hedge funds and other institutional investors own 91.38% of the company’s stock.
FCB has been the topic of several analyst reports. Zacks Investment Research upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Monday, October 24th. Deutsche Bank AG restated a “buy” rating on shares of FCB Financial Holdings in a research report on Friday, October 21st. TheStreet upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Finally, Hovde Group cut FCB Financial Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, November 14th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $41.50.
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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