FCB Financial Holdings, Inc. (NYSE:FCB) Director Sells $951,800.00 in Stock
FCB Financial Holdings, Inc. (NYSE:FCB) Director Paul A. Novelly sold 20,000 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $47.59, for a total transaction of $951,800.00. Following the sale, the director now directly owns 2,000 shares in the company, valued at approximately $95,180. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of FCB Financial Holdings, Inc. (NYSE FCB) traded down 0.85% on Tuesday, hitting $46.70. 195,844 shares of the stock traded hands. The stock has a market cap of $2.02 billion, a PE ratio of 16.28 and a beta of 1.29. FCB Financial Holdings, Inc. has a 1-year low of $35.55 and a 1-year high of $50.33. The stock has a 50 day moving average of $47.40 and a 200-day moving average of $47.52.
FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings data 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 11.43% and a net margin of 33.95%. The company had revenue of $83 million during the quarter, compared to the consensus estimate of $83.47 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts expect that FCB Financial Holdings, Inc. will post $2.80 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new stake in FCB Financial Holdings during the first quarter worth approximately $117,000. Ameritas Investment Partners Inc. acquired a new stake in FCB Financial Holdings during the first quarter worth approximately $128,000. SG Americas Securities LLC increased its stake 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 during the last quarter. Victory Capital Management Inc. increased its stake 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 during the last quarter. Finally, Teza Capital Management LLC acquired a new stake in FCB Financial Holdings during the first quarter worth approximately $204,000. 95.44% of the stock is owned by institutional investors.
A number of brokerages have commented on FCB. BidaskClub lowered shares of FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price objective on shares of FCB Financial Holdings in a report on Thursday, July 27th. Royal Bank Of Canada began coverage on shares of FCB Financial Holdings in a report on Monday, July 17th. They set an “outperform” rating and a $56.00 price objective on the stock. Finally, ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target 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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