FCB Financial Holdings, Inc. (FCB) Insider Stuart I. Oran Sells 11,141 Shares
FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 11,141 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $48.10, for a total value of $535,882.10. Following the completion of the sale, the insider now directly owns 18,245 shares in the company, valued at approximately $877,584.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
FCB Financial Holdings, Inc. (FCB) traded up 1.04% during trading on Monday, reaching $48.80. The company’s stock had a trading volume of 174,226 shares. The firm’s 50-day moving average is $44.17 and its 200-day moving average is $46.73. FCB Financial Holdings, Inc. has a 52-week low of $35.55 and a 52-week high of $50.33. The stock has a market cap of $2.11 billion, a P/E ratio of 17.01 and a beta of 1.33.
FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The business had revenue of $83.00 million for the quarter, compared to analysts’ expectations of $83.47 million. During the same quarter in the prior year, the business earned $0.56 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts forecast that FCB Financial Holdings, Inc. will post $2.76 EPS for the current year.
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Several research firms have recently weighed in on FCB. ValuEngine raised FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of FCB Financial Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub lowered shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada began coverage on shares of FCB Financial Holdings in a research report on Monday, July 17th. They set an “outperform” rating and a $56.00 target price on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 target price on shares of FCB Financial Holdings in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $53.40.
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in shares of FCB Financial Holdings in the second quarter valued at about $109,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of FCB Financial Holdings during the 1st quarter worth about $117,000. Ameritas Investment Partners Inc. acquired a new stake in shares of FCB Financial Holdings during the 1st quarter worth about $128,000. M&R Capital Management Inc. lifted its stake in shares of FCB Financial Holdings by 600.0% during the 2nd 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 lifted its stake in shares of FCB Financial Holdings by 23.6% during the 1st 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 94.00% 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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