SG Americas Securities LLC Has $249,000 Stake in FCB Financial Holdings Inc (FCB)
SG Americas Securities LLC trimmed its stake in shares of FCB Financial Holdings Inc (NYSE:FCB) by 17.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,163 shares of the bank’s stock after selling 1,114 shares during the period. SG Americas Securities LLC’s holdings in FCB Financial were worth $249,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in FCB Financial in the 2nd quarter worth about $17,499,000. TimesSquare Capital Management LLC lifted its stake in FCB Financial by 217.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 532,600 shares of the bank’s stock worth $25,432,000 after acquiring an additional 364,800 shares in the last quarter. Vanguard Group Inc. lifted its stake in FCB Financial by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock worth $147,518,000 after acquiring an additional 262,969 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in FCB Financial in the 2nd quarter worth about $9,334,000. Finally, BlackRock Inc. lifted its stake in FCB Financial by 6.8% in the 2nd quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock worth $114,862,000 after acquiring an additional 153,627 shares in the last quarter. 93.72% of the stock is owned by institutional investors and hedge funds.
Shares of FCB Financial Holdings Inc (FCB) opened at $51.45 on Thursday. The stock has a market capitalization of $2,263.94, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. FCB Financial Holdings Inc has a fifty-two week low of $39.90 and a fifty-two week high of $54.10.
FCB has been the topic of several research reports. ValuEngine lowered FCB Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $54.00 target price on shares of FCB Financial in a research report on Friday, September 8th. Zacks Investment Research lowered FCB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 target price on shares of FCB Financial in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.40.
In other FCB Financial news, CEO Kent S. Ellert sold 21,472 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $51.75, for a total value of $1,111,176.00. Following the completion of the sale, the chief executive officer now owns 151,136 shares in the company, valued at approximately $7,821,288. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas E. Constance sold 1,641 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $49.00, for a total value of $80,409.00. Following the completion of the sale, the director now owns 3,641 shares of the company’s stock, valued at approximately $178,409. The disclosure for this sale can be found here. Insiders sold a total of 639,408 shares of company stock valued at $32,272,969 in the last quarter. Corporate insiders own 15.40% of the company’s stock.
FCB Financial 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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