FCB Financial Holdings, Inc. (NYSE:FCB) Director Paul A. Novelly sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $47.03, for a total transaction of $940,600.00. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at approximately $94,060. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of FCB Financial Holdings, Inc. (NYSE:FCB) traded down 0.53% during midday trading on Monday, reaching $47.10. 121,471 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $47.44 and a 200-day moving average of $47.53. FCB Financial Holdings, Inc. has a 12-month low of $35.18 and a 12-month high of $50.33. The stock has a market capitalization of $2.04 billion, a P/E ratio of 16.42 and a beta of 1.29.

FCB Financial Holdings (NYSE:FCB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The business had revenue of $83 million during the quarter, compared to analysts’ expectations of $83.47 million. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.43%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. Analysts anticipate that FCB Financial Holdings, Inc. will post $2.80 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on FCB shares. Deutsche Bank AG restated a “buy” rating and issued a $57.00 target price (up previously from $56.00) on shares of FCB Financial Holdings in a report on Sunday, April 23rd. Zacks Investment Research lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, April 24th. BidaskClub lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. ValuEngine upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Royal Bank Of Canada started coverage on shares of FCB Financial Holdings in a report on Monday, July 17th. They issued an “outperform” rating and a $56.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. FCB Financial Holdings has an average rating of “Hold” and an average target price of $51.67.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of FCB Financial Holdings by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock valued at $140,048,000 after buying an additional 101,061 shares during the period. BlackRock Inc. boosted its position in shares of FCB Financial Holdings by 11,599.9% in the first quarter. BlackRock Inc. now owns 2,251,886 shares of the bank’s stock valued at $111,582,000 after buying an additional 2,232,639 shares during the period. Bank of New York Mellon Corp boosted its position in shares of FCB Financial Holdings by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 1,836,037 shares of the bank’s stock valued at $90,975,000 after buying an additional 44,901 shares during the period. JPMorgan Chase & Co. boosted its position in shares of FCB Financial Holdings by 34.1% in the first quarter. JPMorgan Chase & Co. now owns 1,672,170 shares of the bank’s stock valued at $82,857,000 after buying an additional 425,549 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of FCB Financial Holdings by 66.6% in the first quarter. Wellington Management Group LLP now owns 1,606,383 shares of the bank’s stock valued at $79,596,000 after buying an additional 641,937 shares during the period. 95.44% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for FCB Financial Holdings (NYSE:FCB)

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