American Century Companies Inc. trimmed its holdings in shares of FCB Financial Holdings Inc (NYSE:FCB) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 681,551 shares of the bank’s stock after selling 151,400 shares during the quarter. American Century Companies Inc.’s holdings in FCB Financial were worth $34,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCB. BlackRock Inc. grew its position in FCB Financial by 6.8% during the second quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock valued at $114,862,000 after buying an additional 153,627 shares during the period. UBS Asset Management Americas Inc. grew its position in FCB Financial by 9.3% during the second quarter. UBS Asset Management Americas Inc. now owns 22,221 shares of the bank’s stock valued at $1,061,000 after buying an additional 1,899 shares during the period. Vanguard Group Inc. grew its position in FCB Financial by 9.3% during the second quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock valued at $147,518,000 after buying an additional 262,969 shares during the period. Voya Investment Management LLC grew its position in FCB Financial by 40.8% during the second quarter. Voya Investment Management LLC now owns 16,236 shares of the bank’s stock valued at $775,000 after buying an additional 4,706 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in FCB Financial by 16.9% during the second quarter. Goldman Sachs Group Inc. now owns 193,500 shares of the bank’s stock valued at $9,240,000 after buying an additional 27,997 shares during the period. Institutional investors own 93.26% of the company’s stock.

FCB Financial Holdings Inc (NYSE FCB) opened at $53.90 on Wednesday. The firm has a market cap of $2,372.33, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. FCB Financial Holdings Inc has a 12-month low of $39.90 and a 12-month high of $57.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93.

FCB Financial (NYSE:FCB) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $85.85 million during the quarter, compared to analyst estimates of $88.53 million. FCB Financial had a net margin of 30.60% and a return on equity of 11.82%. During the same period in the prior year, the business posted $0.62 earnings per share. sell-side analysts anticipate that FCB Financial Holdings Inc will post 3.62 EPS for the current year.

In related news, insider Stuart I. Oran sold 15,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $53.52, for a total transaction of $829,560.00. Following the completion of the transaction, the insider now owns 12,104 shares in the company, valued at $647,806.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Vincent Tese sold 219,554 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $52.85, for a total transaction of $11,603,428.90. Following the transaction, the chairman now owns 393,818 shares of the company’s stock, valued at approximately $20,813,281.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 868,455 shares of company stock valued at $45,907,185. Company insiders own 15.40% of the company’s stock.

A number of equities analysts have weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $61.00 price target on shares of FCB Financial in a research report on Wednesday, January 24th. Bank of America upped their price target on shares of FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research upgraded shares of FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 price target for the company in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $59.20.

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

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