FCB Financial Holdings, Inc. (FCB) CEO Sells $925,198.73 in Stock
FCB Financial Holdings, Inc. (NYSE:FCB) CEO Kent S. Ellert sold 20,899 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $44.27, for a total value of $925,198.73. Following the sale, the chief executive officer now owns 150,766 shares of the company’s stock, valued at $6,674,410.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of FCB Financial Holdings, Inc. (NYSE FCB) opened at 43.20 on Monday. The firm has a 50-day moving average price of $46.81 and a 200 day moving average price of $47.41. The stock has a market cap of $1.87 billion, a PE ratio of 15.06 and a beta of 1.29. FCB Financial Holdings, Inc. has a 12-month low of $35.55 and a 12-month high of $50.33.
FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $83 million during the quarter, compared to analyst estimates of $83.47 million. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. FCB Financial Holdings’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. Equities research analysts expect that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current year.
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FCB has been the subject of several analyst reports. Zacks Investment Research cut FCB Financial Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BidaskClub cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Royal Bank Of Canada initiated coverage on FCB Financial Holdings in a report on Monday, July 17th. They set an “outperform” rating and a $56.00 target price for the company. Deutsche Bank AG restated a “buy” rating and set a $57.00 target price (up from $56.00) on shares of FCB Financial Holdings in a report on Sunday, April 23rd. Finally, ValuEngine upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $51.67.
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in shares of FCB Financial Holdings during the second quarter worth about $109,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of FCB Financial Holdings during the first quarter worth about $117,000. Ameritas Investment Partners Inc. purchased a new stake in shares of FCB Financial Holdings during the first quarter worth about $128,000. M&R Capital Management Inc. raised its stake in shares of FCB Financial Holdings by 600.0% in the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after buying an additional 3,000 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock worth $168,000 after buying an additional 649 shares during the last quarter. Hedge funds and other institutional investors own 92.63% of the company’s stock.
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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