FCB Financial Holdings, Inc. (NYSE:FCB) insider Vincent Tese sold 56,429 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $47.13, for a total transaction of $2,659,498.77. Following the completion of the sale, the insider now directly owns 388,799 shares of the company’s stock, valued at $18,324,096.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Vincent Tese also recently made the following trade(s):

  • On Thursday, August 3rd, Vincent Tese sold 8,508 shares of FCB Financial Holdings stock. The shares were sold at an average price of $47.03, for a total transaction of $400,131.24.
  • On Wednesday, August 2nd, Vincent Tese sold 10,487 shares of FCB Financial Holdings stock. The shares were sold at an average price of $47.10, for a total transaction of $493,937.70.
  • On Monday, June 5th, Vincent Tese sold 9,804 shares of FCB Financial Holdings stock. The shares were sold at an average price of $47.12, for a total transaction of $461,964.48.

Shares of FCB Financial Holdings, Inc. (FCB) traded down 0.85% during trading on Tuesday, hitting $46.70. 195,844 shares of the stock were exchanged. FCB Financial Holdings, Inc. has a 1-year low of $35.55 and a 1-year high of $50.33. The company has a market cap of $2.02 billion, a P/E ratio of 16.28 and a beta of 1.29. The firm’s 50-day moving average is $47.40 and its 200 day moving average is $47.52.

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

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A number of brokerages have weighed in on FCB. BidaskClub downgraded shares of FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a research note on Thursday, July 27th. Royal Bank Of Canada began 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 objective for the company. Finally, ValuEngine upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $51.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of FCB. Oppenheimer Asset Management Inc. bought a new position in FCB Financial Holdings during the first quarter worth approximately $117,000. Ameritas Investment Partners Inc. bought a new position in FCB Financial Holdings during the first quarter worth approximately $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 during the period. 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 during the period. Finally, Teza Capital Management LLC bought a new position in FCB Financial Holdings during the first quarter worth approximately $204,000. 95.44% of the stock is owned by institutional investors and hedge funds.

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.

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

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