Insider Selling: FCB Financial Holdings, Inc. (FCB) Insider Sells 6,279 Shares of Stock
FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 6,279 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $41.70, for a total value of $261,834.30. Following the sale, the insider now directly owns 12,255 shares in the company, valued at $511,033.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of FCB Financial Holdings, Inc. (NYSE:FCB) traded up 2.09% during mid-day trading on Friday, reaching $41.45. The company’s stock had a trading volume of 254,201 shares. The company’s 50 day moving average price is $45.05 and its 200-day moving average price is $47.07. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.45 and a beta of 1.31. FCB Financial Holdings, Inc. has a 1-year low of $35.55 and a 1-year high of $50.33.
FCB Financial Holdings (NYSE:FCB) last released its earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company 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 firm posted $0.56 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts predict that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new position in FCB Financial Holdings during the 2nd quarter worth approximately $109,000. Oppenheimer Asset Management Inc. acquired a new position in FCB Financial Holdings during the 1st quarter worth approximately $117,000. Ameritas Investment Partners Inc. acquired a new position in FCB Financial Holdings during the 1st quarter worth approximately $128,000. SG Americas Securities LLC increased its position in FCB Financial Holdings by 23.6% during the 1st 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 period. Finally, Victory Capital Management Inc. increased its position in FCB Financial Holdings by 16.7% during the 1st quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock worth $171,000 after purchasing an additional 494 shares during the period. Institutional investors own 93.76% of the company’s stock.
Several analysts recently commented on FCB shares. Zacks Investment Research lowered FCB Financial Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BidaskClub lowered FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. ValuEngine raised FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada initiated coverage on FCB Financial Holdings in a report on Monday, July 17th. They issued an “outperform” rating and a $56.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $53.80.
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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