FCB Financial Holdings, Inc. (NYSE:FCB) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $53.50.

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “buy” rating and set a $54.00 price target on shares of FCB Financial in a research report on Friday, September 8th. Zacks Investment Research raised shares of FCB Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. ValuEngine cut shares of FCB Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price target on shares of FCB Financial in a research report on Tuesday, October 3rd.

In related news, Chairman Vincent Tese sold 219,554 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $52.85, for a total value of $11,603,428.90. Following the sale, the chairman now directly owns 393,818 shares of the company’s stock, valued at approximately $20,813,281.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stuart I. Oran sold 25,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $43.57, for a total transaction of $1,089,250.00. Following the completion of the sale, the insider now directly owns 32,104 shares in the company, valued at $1,398,771.28. The disclosure for this sale can be found here. Insiders sold a total of 623,424 shares of company stock worth $31,145,811 over the last ninety days. 15.40% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of FCB. Schwab Charles Investment Management Inc. increased its stake in FCB Financial by 8.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 166,261 shares of the bank’s stock valued at $7,939,000 after buying an additional 12,672 shares during the last quarter. Rhumbline Advisers increased its stake in FCB Financial by 12.6% in the 2nd quarter. Rhumbline Advisers now owns 41,586 shares of the bank’s stock valued at $1,986,000 after buying an additional 4,644 shares during the last quarter. Alpine Woods Capital Investors LLC increased its stake in FCB Financial by 15.0% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 11,500 shares of the bank’s stock valued at $549,000 after buying an additional 1,500 shares during the last quarter. SG Americas Securities LLC increased its stake in FCB Financial by 84.8% in the 2nd quarter. SG Americas Securities LLC now owns 6,277 shares of the bank’s stock valued at $300,000 after buying an additional 2,880 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in FCB Financial by 12.8% in the 2nd quarter. Legal & General Group Plc now owns 13,837 shares of the bank’s stock valued at $660,000 after buying an additional 1,570 shares during the last quarter. Hedge funds and other institutional investors own 93.98% of the company’s stock.

FCB Financial (NYSE FCB) opened at $50.75 on Thursday. The firm has a market cap of $2,244.19, a price-to-earnings ratio of 18.88, a PEG ratio of 1.27 and a beta of 1.36. FCB Financial has a 52-week low of $39.90 and a 52-week high of $54.10. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76.

FCB Financial (NYSE:FCB) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $87.16 million. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. During the same period last year, the firm posted $0.60 earnings per share. research analysts anticipate that FCB Financial will post 2.84 EPS for the current year.

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About FCB Financial

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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