FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 16,206 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $50.48, for a total transaction of $818,078.88. Following the transaction, the chief executive officer now directly owns 156,375 shares in the company, valued at approximately $7,893,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FCB Financial Holdings Inc (FCB) opened at $51.45 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94. The stock has a market cap of $2,263.94, a P/E ratio of 19.04, a P/E/G ratio of 1.28 and a beta of 1.36. FCB Financial Holdings Inc has a one year low of $39.90 and a one year high of $54.10.

FCB Financial (NYSE:FCB) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $84.21 million for the quarter, compared to the consensus estimate of $87.16 million. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. During the same quarter in the prior year, the firm posted $0.60 earnings per share. research analysts forecast that FCB Financial Holdings Inc will post 2.84 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new position in FCB Financial during the second quarter worth approximately $109,000. Valeo Financial Advisors LLC acquired a new position in FCB Financial during the third quarter worth approximately $146,000. Ameritas Investment Partners Inc. increased its position in FCB Financial by 19.5% during the second quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after purchasing an additional 504 shares during the last quarter. M&R Capital Management Inc. increased its position in FCB Financial by 600.0% during the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in FCB Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after purchasing an additional 609 shares during the last quarter. 93.72% of the stock is owned by hedge funds and other institutional investors.

FCB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price objective on shares of FCB Financial in a research note on Tuesday, October 3rd. ValuEngine downgraded shares of FCB Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Royal Bank of Canada reissued a “buy” rating and set a $54.00 price objective on shares of FCB Financial in a research note on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of FCB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $53.40.

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FCB Financial 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.

Insider Buying and Selling by Quarter for FCB Financial (NYSE:FCB)

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