FCB Financial Holdings, Inc. (NYSE:FCB) Director Paul A. Novelly sold 17,938 shares of FCB Financial Holdings stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $44.75, for a total transaction of $802,725.50. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at $89,500. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of FCB Financial Holdings, Inc. (FCB) traded down 0.22% during midday trading on Wednesday, reaching $44.80. 370,981 shares of the company’s stock traded hands. FCB Financial Holdings, Inc. has a 52 week low of $35.55 and a 52 week high of $50.33. The stock’s 50 day moving average is $47.11 and its 200-day moving average is $47.48. The company has a market capitalization of $1.94 billion, a PE ratio of 15.62 and a beta of 1.29.

FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The business had revenue of $83 million during the quarter, compared to analysts’ expectations of $83.47 million. During the same quarter last year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts forecast that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current fiscal year.

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FCB has been the subject of several recent research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $57.00 target price (up 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 raised 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 initiated coverage on shares of FCB Financial Holdings in a report on Monday, July 17th. They set an “outperform” rating and a $56.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $51.67.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 worth $111,582,000 after buying an additional 2,232,639 shares in the last quarter. 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 worth $79,596,000 after buying an additional 641,937 shares in the last quarter. 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 worth $82,857,000 after buying an additional 425,549 shares in the last quarter. Lazard Asset Management LLC bought a new stake in FCB Financial Holdings during the second quarter worth approximately $17,499,000. Finally, TimesSquare Capital Management LLC boosted its stake in FCB Financial Holdings by 217.4% in the second quarter. TimesSquare Capital Management LLC now owns 532,600 shares of the bank’s stock worth $25,432,000 after buying an additional 364,800 shares in the last quarter. Institutional investors and hedge funds own 92.63% of the company’s stock.

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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