Legal & General Group Plc grew its stake in shares of FCB Financial Holdings, Inc. (NYSE:FCB) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,837 shares of the bank’s stock after acquiring an additional 1,570 shares during the quarter. Legal & General Group Plc’s holdings in FCB Financial Holdings were worth $660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of FCB Financial Holdings during the 1st quarter valued at about $117,000. Ameritas Investment Partners Inc. purchased a new stake in shares of FCB Financial Holdings during the 1st quarter valued at about $128,000. SG Americas Securities LLC boosted its holdings 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 valued at $168,000 after acquiring an additional 649 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of FCB Financial Holdings by 16.7% during the 1st quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock valued at $171,000 after acquiring an additional 494 shares during the last quarter. Finally, Gotham Asset Management LLC purchased a new stake in shares of FCB Financial Holdings during the 1st quarter valued at about $216,000. 94.00% of the stock is currently owned by hedge funds and other institutional investors.

FCB Financial Holdings, Inc. (NYSE:FCB) opened at 48.25 on Thursday. The stock has a market cap of $2.09 billion, a P/E ratio of 16.82 and a beta of 1.34. The company has a 50 day moving average of $44.58 and a 200-day moving average of $46.61. 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 posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The firm had revenue of $83.00 million for the quarter, compared to the consensus estimate of $83.47 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts forecast that FCB Financial Holdings, Inc. will post $2.76 earnings per share for the current year.

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A number of brokerages have recently issued reports on FCB. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price target on shares of FCB Financial Holdings in a report on Tuesday. BidaskClub downgraded shares of FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price target on shares of FCB Financial Holdings in a report on Friday, September 8th. Finally, ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. 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 company’s stock. FCB Financial Holdings currently has a consensus rating of “Hold” and an average target price of $53.40.

In related news, Vice Chairman Les J. Lieberman sold 10,454 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $47.10, for a total value of $492,383.40. Following the sale, the insider now owns 310,599 shares in the company, valued at $14,629,212.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kent S. Ellert sold 20,160 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $47.19, for a total value of $951,350.40. Following the completion of the sale, the chief executive officer now owns 150,366 shares in the company, valued at approximately $7,095,771.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 883,716 shares of company stock worth $40,609,188. Corporate insiders own 15.40% of the company’s stock.

FCB Financial Holdings 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.

Institutional Ownership by Quarter for FCB Financial Holdings (NYSE:FCB)

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