Insider Selling: FCB Financial Holdings, Inc. (FCB) Insider Sells 32,142 Shares of Stock
FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 32,142 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $47.52, for a total value of $1,527,387.84. Following the sale, the insider now directly owns 18,246 shares of the company’s stock, valued at $867,049.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
FCB Financial Holdings, Inc. (NYSE FCB) traded down 0.84% during trading on Monday, hitting $46.95. The stock had a trading volume of 172,415 shares. FCB Financial Holdings, Inc. has a 1-year low of $35.55 and a 1-year high of $50.33. The stock’s 50-day moving average price is $46.64 and its 200-day moving average price is $46.56. The company has a market capitalization of $2.03 billion, a P/E ratio of 16.36 and a beta of 1.33.
FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.05. The company had revenue of $84.21 million during the quarter, compared to the consensus estimate of $87.16 million. FCB Financial Holdings had a net margin of 34.09% and a return on equity of 11.70%. During the same quarter last year, the firm earned $0.60 earnings per share. Analysts expect that FCB Financial Holdings, Inc. will post $2.82 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust grew its position in FCB Financial Holdings by 2.9% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 724,927 shares of the bank’s stock worth $35,014,000 after purchasing an additional 20,440 shares during the period. Emerald Advisers Inc. PA grew its position in FCB Financial Holdings by 6.7% in the 3rd quarter. Emerald Advisers Inc. PA now owns 677,903 shares of the bank’s stock worth $32,743,000 after purchasing an additional 42,390 shares during the period. Victory Capital Management Inc. grew its position in FCB Financial Holdings by 34.5% in the 3rd quarter. Victory Capital Management Inc. now owns 5,464 shares of the bank’s stock worth $264,000 after purchasing an additional 1,402 shares during the period. Peregrine Capital Management LLC grew its position in FCB Financial Holdings by 12.2% in the 3rd quarter. Peregrine Capital Management LLC now owns 213,234 shares of the bank’s stock worth $10,299,000 after purchasing an additional 23,170 shares during the period. Finally, First Trust Advisors LP grew its position in FCB Financial Holdings by 48.7% in the 3rd quarter. First Trust Advisors LP now owns 72,480 shares of the bank’s stock worth $3,501,000 after purchasing an additional 23,751 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on FCB shares. Royal Bank Of Canada started coverage on FCB Financial Holdings in a report on Monday, July 17th. They issued an “outperform” rating and a $56.00 target price for the company. ValuEngine lowered FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised FCB Financial Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub lowered FCB Financial Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 target price 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 issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price 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.
Receive News & Ratings for FCB Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.