Paul A. Novelly Sells 1,813 Shares of FCB Financial Holdings, Inc. (FCB) Stock
FCB Financial Holdings, Inc. (NYSE:FCB) Director Paul A. Novelly sold 1,813 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $43.98, for a total value of $79,735.74. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at $87,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
FCB Financial Holdings, Inc. (FCB) traded down 0.35% during trading on Monday, hitting $43.05. The company’s stock had a trading volume of 252,858 shares. The firm has a market cap of $1.87 billion, a P/E ratio of 15.01 and a beta of 1.29. FCB Financial Holdings, Inc. has a 12 month low of $35.55 and a 12 month high of $50.33. The firm has a 50 day moving average of $46.81 and a 200 day moving average of $47.41.
FCB Financial Holdings (NYSE:FCB) last posted its earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The firm had revenue of $83 million for the quarter, compared to analysts’ expectations of $83.47 million. During the same period in the previous year, the firm earned $0.56 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of FCB. Guggenheim Capital LLC acquired a new position in FCB Financial Holdings during the fourth quarter valued at about $455,000. Teachers Advisors LLC boosted its position in FCB Financial Holdings by 298.6% in the fourth quarter. Teachers Advisors LLC now owns 274,094 shares of the bank’s stock valued at $13,074,000 after buying an additional 205,335 shares during the period. Fisher Asset Management LLC boosted its position in FCB Financial Holdings by 51.2% in the first quarter. Fisher Asset Management LLC now owns 61,451 shares of the bank’s stock valued at $3,045,000 after buying an additional 20,809 shares during the period. First Mercantile Trust Co. acquired a new position in FCB Financial Holdings during the first quarter valued at about $253,000. Finally, Russell Investments Group Ltd. boosted its position in FCB Financial Holdings by 47.2% in the first quarter. Russell Investments Group Ltd. now owns 60,931 shares of the bank’s stock valued at $3,019,000 after buying an additional 19,528 shares during the period. 92.63% of the stock is currently owned by hedge funds and other institutional investors.
FCB has been the topic of several analyst reports. Zacks Investment Research cut FCB Financial Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BidaskClub cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Royal Bank Of Canada initiated coverage on FCB Financial Holdings in a report on Monday, July 17th. They issued an “outperform” rating and a $56.00 target price on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $57.00 target price (up from $56.00) on shares of FCB Financial Holdings in a report on Sunday, April 23rd. Finally, ValuEngine upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $51.67.
About FCB Financial Holdings
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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