Insider Selling: FCB Financial Holdings, Inc. (FCB) Insider Sells $509,857.92 in Stock
FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 11,142 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $45.76, for a total value of $509,857.92. Following the completion of the transaction, the insider now owns 18,246 shares of the company’s stock, valued at $834,936.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
FCB Financial Holdings, Inc. (NYSE:FCB) opened at $47.90 on Friday. FCB Financial Holdings, Inc. has a 1 year low of $39.90 and a 1 year high of $50.33. 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 capitalization of $2,072.99, a PE ratio of 17.45, a PEG ratio of 1.18 and a beta of 1.30.
FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.05. FCB Financial Holdings had a return on equity of 11.42% and a net margin of 34.09%. The company had revenue of $84.21 million during the quarter, compared to the consensus estimate of $87.16 million. During the same period last year, the company earned $0.60 earnings per share. research analysts predict that FCB Financial Holdings, Inc. will post 2.84 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in FCB Financial Holdings by 9.3% during the second quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock worth $147,518,000 after purchasing an additional 262,969 shares during the period. BlackRock Inc. grew its stake in FCB Financial Holdings by 6.8% during the second quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock worth $114,862,000 after purchasing an additional 153,627 shares during the period. Dimensional Fund Advisors LP grew its stake in FCB Financial Holdings by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,457,037 shares of the bank’s stock worth $70,374,000 after purchasing an additional 173,511 shares during the period. JPMorgan Chase & Co. grew its stake in FCB Financial Holdings by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,228,478 shares of the bank’s stock worth $58,968,000 after purchasing an additional 6,191 shares during the period. Finally, State Street Corp grew its stake in FCB Financial Holdings by 26.1% during the first quarter. State Street Corp now owns 1,090,544 shares of the bank’s stock worth $54,036,000 after purchasing an additional 226,033 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.
FCB has been the subject of a number of analyst reports. Zacks Investment Research upgraded FCB Financial Holdings from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 price objective on shares of FCB Financial Holdings in a research report on Tuesday, October 3rd. BidaskClub downgraded FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada restated a “buy” rating and set a $54.00 price objective on shares of FCB Financial Holdings in a research report on Wednesday, October 25th. Finally, ValuEngine downgraded FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $53.40.
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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