FCB Financial Holdings, Inc. (FCB) CEO Sells $995,422.84 in Stock
FCB Financial Holdings, Inc. (NYSE:FCB) CEO Kent S. Ellert sold 18,946 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $52.54, for a total value of $995,422.84. Following the sale, the chief executive officer now directly owns 150,759 shares in the company, valued at $7,920,877.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of FCB Financial Holdings, Inc. (NYSE FCB) traded down $0.05 on Wednesday, reaching $51.15. The company’s stock had a trading volume of 128,612 shares, compared to its average volume of 241,751. The company has a market cap of $2,307.81, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 1.31 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93. FCB Financial Holdings, Inc. has a 52-week low of $39.90 and a 52-week high of $54.10.
FCB Financial (NYSE:FCB) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.05. The company had revenue of $84.21 million for the quarter, compared to the consensus estimate of $87.16 million. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. During the same quarter in the prior year, the business posted $0.60 EPS. equities analysts forecast that FCB Financial Holdings, Inc. will post 2.84 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on FCB. Zacks Investment Research upgraded FCB Financial from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 target price on shares of FCB Financial in a research note on Tuesday, October 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $54.00 price objective on shares of FCB Financial in a research report on Wednesday, October 25th. Finally, ValuEngine cut FCB Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $53.40.
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About FCB Financial
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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