FCB Financial Holdings, Inc. (FCB) Insider Sells $216,032.94 in Stock
FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 5,151 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $41.94, for a total value of $216,032.94. Following the sale, the insider now directly owns 12,255 shares in the company, valued at approximately $513,974.70. The sale was disclosed in a filing with the SEC, which is accessible through this link.
FCB Financial Holdings, Inc. (NYSE:FCB) opened at 41.45 on Monday. FCB Financial Holdings, Inc. has a 12 month low of $35.55 and a 12 month high of $50.33. The stock’s 50 day moving average price is $44.87 and its 200 day moving average price is $47.03. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.45 and a beta of 1.31.
FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, topping 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%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. Equities research analysts anticipate that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. Royal Bank Of Canada reissued a “buy” rating and set a $54.00 price objective on shares of FCB Financial Holdings in a report on Friday. ValuEngine cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price target on shares of FCB Financial Holdings in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $53.40.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in shares of FCB Financial Holdings in the second quarter worth about $109,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of FCB Financial Holdings in the first quarter worth about $117,000. Ameritas Investment Partners Inc. purchased a new stake in shares of FCB Financial Holdings in the first quarter worth about $128,000. SG Americas Securities LLC lifted its position 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 in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of FCB Financial Holdings by 16.7% in the first quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock worth $171,000 after buying an additional 494 shares in the last quarter. Institutional investors own 93.76% of the company’s stock.
About FCB Financial Holdings
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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