FCB Financial Holdings, Inc. (NYSE:FCB) CEO Sells $607,829.56 in Stock
FCB Financial Holdings, Inc. (NYSE:FCB) CEO Kent S. Ellert sold 12,818 shares of FCB Financial Holdings stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $47.42, for a total transaction of $607,829.56. Following the transaction, the chief executive officer now directly owns 147,139 shares in the company, valued at approximately $6,977,331.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of FCB Financial Holdings, Inc. (NYSE FCB) traded down 0.85% on Tuesday, reaching $46.70. 195,844 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $47.40 and its 200-day moving average price is $47.52. FCB Financial Holdings, Inc. has a 52-week low of $35.55 and a 52-week high of $50.33. The stock has a market cap of $2.02 billion, a P/E ratio of 16.28 and a beta of 1.29.
FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. The company had revenue of $83 million during the quarter, compared to the consensus estimate of $83.47 million. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.43%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. Equities analysts forecast that FCB Financial Holdings, Inc. will post $2.80 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the company. Guggenheim Capital LLC bought a new stake in shares of FCB Financial Holdings during the fourth quarter valued at approximately $455,000. Teachers Advisors LLC increased its stake in shares of 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 shares of FCB Financial Holdings by 51.2% in the first quarter. Fisher Asset Management LLC now owns 61,451 shares of the bank’s stock worth $3,045,000 after buying an additional 20,809 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of FCB Financial Holdings during the first quarter worth about $253,000. Finally, Russell Investments Group Ltd. boosted its position in shares of FCB Financial Holdings by 47.2% in the first quarter. Russell Investments Group Ltd. now owns 60,931 shares of the bank’s stock worth $3,019,000 after buying an additional 19,528 shares in the last quarter. 95.44% of the stock is owned by institutional investors.
FCB has been the topic of a number of research reports. ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. BidaskClub lowered shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Royal Bank Of Canada initiated coverage on shares of FCB Financial Holdings in a research note on Monday, July 17th. They issued an “outperform” rating and a $56.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price target on shares of FCB Financial Holdings in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. FCB Financial Holdings has a consensus rating of “Hold” and a consensus target price of $51.67.
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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