FCB Financial Holdings, Inc. (FCB) Insider Sells $183,522.54 in Stock
FCB Financial Holdings, Inc. (NYSE:FCB) insider Les J. Lieberman sold 3,802 shares of FCB Financial Holdings stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $48.27, for a total value of $183,522.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of FCB Financial Holdings, Inc. (NYSE FCB) traded up 1.24% during trading on Thursday, hitting $48.85. The company had a trading volume of 141,517 shares. The firm has a market capitalization of $2.12 billion, a P/E ratio of 17.03 and a beta of 1.34. 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 $44.58 and its 200 day moving average is $46.61.
FCB Financial Holdings (NYSE:FCB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) 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 company had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $83.47 million. During the same period last year, the company posted $0.56 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that FCB Financial Holdings, Inc. will post $2.76 earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC increased its holdings 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 valued at $168,000 after buying an additional 649 shares in the last quarter. Whittier Trust Co. increased its holdings in FCB Financial Holdings by 2.6% in the second quarter. Whittier Trust Co. now owns 50,389 shares of the bank’s stock valued at $2,406,000 after buying an additional 1,278 shares in the last quarter. Vanguard Group Inc. increased its holdings in FCB Financial Holdings by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock valued at $140,048,000 after buying an additional 101,061 shares in the last quarter. Emerald Advisers Inc. PA increased its holdings in FCB Financial Holdings by 33.1% in the second quarter. Emerald Advisers Inc. PA now owns 635,513 shares of the bank’s stock valued at $30,346,000 after buying an additional 158,130 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in FCB Financial Holdings in the first quarter valued at about $4,331,000. 94.00% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on FCB shares. BidaskClub lowered FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Royal Bank Of Canada started coverage on FCB Financial Holdings in a research note on Monday, July 17th. They issued an “outperform” rating and a $56.00 price target for the company. ValuEngine lowered FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded FCB Financial Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price target on shares of FCB Financial Holdings in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. FCB Financial Holdings has a consensus rating of “Hold” and a consensus price target of $53.40.
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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