Kent S. Ellert Sells 8,037 Shares of FCB Financial Holdings Inc (FCB) Stock
FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 8,037 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $54.60, for a total transaction of $438,820.20. Following the completion of the transaction, the chief executive officer now owns 125,739 shares in the company, valued at $6,865,349.40. The sale was disclosed in a filing with the SEC, which is available through this link.
FCB Financial Holdings Inc (FCB) traded down $1.00 during midday trading on Thursday, hitting $53.55. 63,863 shares of the stock were exchanged, compared to its average volume of 205,655. 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 Holdings Inc has a 1 year low of $39.90 and a 1 year high of $57.20. The company has a market capitalization of $2,421.33, a P/E ratio of 19.62, a PEG ratio of 0.80 and a beta of 1.34.
FCB Financial (NYSE:FCB) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. FCB Financial had a net margin of 30.60% and a return on equity of 11.82%. The firm had revenue of $85.85 million for the quarter, compared to the consensus estimate of $88.53 million. During the same period last year, the firm earned $0.62 earnings per share. equities research analysts expect that FCB Financial Holdings Inc will post 3.62 earnings per share for the current year.
FCB has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Tuesday, December 26th. Royal Bank of Canada reiterated a “buy” rating and set a $61.00 price objective on shares of FCB Financial in a research note on Wednesday, January 24th. Finally, Bank of America increased their price objective on shares of FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $59.20.
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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