FCB Financial Holdings Inc (FCB) CEO Sells $594,603.10 in Stock
FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 12,635 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $47.06, for a total value of $594,603.10. Following the transaction, the chief executive officer now directly owns 145,882 shares of the company’s stock, valued at approximately $6,865,206.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
FCB Financial Holdings Inc (NYSE:FCB) traded down 0.32% during trading on Friday, hitting $46.30. The stock had a trading volume of 44,767 shares. The stock has a market capitalization of $1.97 billion, a PE ratio of 17.41 and a beta of 1.38. The stock’s 50-day moving average is $47.84 and its 200-day moving average is $46.33. FCB Financial Holdings Inc has a 52-week low of $31.98 and a 52-week high of $50.33.
FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings results on Thursday, April 20th. The bank reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. FCB Financial Holdings had a return on equity of 10.77% and a net margin of 28.63%. The company had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $80.44 million. During the same period last year, the business posted $0.53 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that FCB Financial Holdings Inc will post $2.66 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. Algebris Investments UK LLP acquired a new stake in FCB Financial Holdings during the third quarter worth approximately $442,000. Principal Financial Group Inc. boosted its stake in FCB Financial Holdings by 18.6% in the third quarter. Principal Financial Group Inc. now owns 317,219 shares of the bank’s stock worth $12,190,000 after buying an additional 49,702 shares during the period. Suntrust Banks Inc. boosted its stake in FCB Financial Holdings by 6.6% in the third quarter. Suntrust Banks Inc. now owns 8,405 shares of the bank’s stock worth $322,000 after buying an additional 519 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in FCB Financial Holdings by 37.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 718,093 shares of the bank’s stock worth $27,596,000 after buying an additional 197,184 shares during the period. Finally, Rhumbline Advisers boosted its stake in FCB Financial Holdings by 1.9% in the third quarter. Rhumbline Advisers now owns 35,745 shares of the bank’s stock worth $1,374,000 after buying an additional 680 shares during the period. Institutional investors own 95.97% of the company’s stock.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Tuesday, March 28th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $57.00 price target (up previously from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $52.00 price target on shares of FCB Financial Holdings in a research report on Wednesday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $50.75.
FCB Financial Holdings Company Profile
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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