Insider Selling: FCB Financial Holdings, Inc. (FCB) Insider Sells 15,151 Shares of Stock
FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 15,151 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $41.45, for a total transaction of $628,008.95. Following the sale, the insider now directly owns 12,255 shares of the company’s stock, valued at approximately $507,969.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
FCB Financial Holdings, Inc. (NYSE:FCB) traded up 2.09% during midday trading on Friday, hitting $41.45. 254,201 shares of the stock traded hands. FCB Financial Holdings, Inc. has a 52-week low of $35.55 and a 52-week high of $50.33. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 14.45 and a beta of 1.31. The firm’s 50-day moving average is $45.05 and its 200-day moving average is $47.07.
FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The business had revenue of $83 million for the quarter, compared to analysts’ expectations of $83.47 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. Analysts predict that FCB Financial Holdings, Inc. will post $2.80 EPS for the current year.
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Several equities research analysts have weighed in on FCB shares. BidaskClub cut shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. ValuEngine cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Friday, July 28th. Royal Bank Of Canada started coverage on shares of FCB Financial Holdings in a research report on Monday, July 17th. They set an “outperform” rating and a $56.00 price target for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price target on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $53.80.
A number of hedge funds have recently bought and sold shares of FCB. Tower Research Capital LLC TRC bought a new position in FCB Financial Holdings during the second quarter valued at $109,000. Oppenheimer Asset Management Inc. bought a new position in shares of FCB Financial Holdings in the first quarter worth about $117,000. Ameritas Investment Partners Inc. bought a new position in shares of FCB Financial Holdings in the first quarter worth about $128,000. M&R Capital Management Inc. grew its holdings in shares of FCB Financial Holdings by 600.0% in the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after purchasing an additional 3,000 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of 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 purchasing an additional 649 shares during the last quarter. Institutional investors and hedge funds own 93.76% 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.
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