FCB Financial Holdings, Inc. (FCB) CEO Sells $853,421.80 in Stock
FCB Financial Holdings, Inc. (NYSE:FCB) CEO Kent S. Ellert sold 16,610 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $51.38, for a total value of $853,421.80. Following the transaction, the chief executive officer now owns 146,064 shares of the company’s stock, valued at $7,504,768.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
FCB Financial Holdings, Inc. (FCB) traded down $0.45 on Tuesday, reaching $51.15. The company had a trading volume of 269,400 shares, compared to its average volume of 241,048. FCB Financial Holdings, Inc. has a 1 year low of $39.90 and a 1 year high of $54.10. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. The firm has a market cap of $2,263.94, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36.
FCB Financial (NYSE:FCB) last posted its earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. The firm had revenue of $84.21 million for the quarter, compared to analyst estimates of $87.16 million. During the same quarter in the prior year, the company earned $0.60 EPS. research analysts anticipate that FCB Financial Holdings, Inc. will post 2.84 earnings per share for the current year.
A number of research firms have recently commented on FCB. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 target price on shares of FCB Financial in a research report on Tuesday, October 3rd. Zacks Investment Research lowered FCB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Royal Bank of Canada reissued a “buy” rating and issued a $54.00 price target on shares of FCB Financial in a report on Friday, September 8th. Finally, ValuEngine downgraded FCB Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $53.40.
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FCB Financial 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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