Stuart I. Oran Sells 3,000 Shares of FCB Financial Holdings, Inc. (NYSE:FCB) Stock
FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $47.56, for a total transaction of $142,680.00. Following the sale, the insider now directly owns 10,104 shares of the company’s stock, valued at approximately $480,546.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
FCB Financial Holdings, Inc. (NYSE FCB) traded down 0.21% during trading on Wednesday, hitting $47.50. The company’s stock had a trading volume of 269,509 shares. The firm has a 50 day moving average of $47.23 and a 200 day moving average of $47.57. The firm has a market cap of $2.02 billion, a P/E ratio of 17.86 and a beta of 1.31. FCB Financial Holdings, Inc. has a 12 month low of $34.24 and a 12 month high of $50.33.
FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings results on Thursday, April 20th. The bank reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The company had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $80.44 million. FCB Financial Holdings had a return on equity of 10.81% and a net margin of 32.07%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. Equities research analysts predict that FCB Financial Holdings, Inc. will post $2.70 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new position in shares of FCB Financial Holdings during the first quarter worth about $117,000. Ameritas Investment Partners Inc. purchased a new position in FCB Financial Holdings during the first quarter worth $128,000. SG Americas Securities LLC increased its position in FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock worth $168,000 after buying an additional 649 shares in the last quarter. Victory Capital Management Inc. increased its position in FCB Financial Holdings by 16.7% in the first quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock worth $171,000 after buying an additional 494 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new position in FCB Financial Holdings during the first quarter worth $204,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.
FCB has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. BidaskClub downgraded shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Deutsche Bank AG reissued a “buy” rating and set a $57.00 target price (up previously from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 target price on shares of FCB Financial Holdings in a research report on Wednesday, April 5th. Finally, ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $51.83.
FCB Financial Holdings Company 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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