Insider Selling: FCB Financial Holdings Inc (FCB) CEO Sells 21,920 Shares of Stock
FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 21,920 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $51.02, for a total transaction of $1,118,358.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of FCB Financial Holdings Inc (NYSE:FCB) traded up $0.45 during mid-day trading on Wednesday, hitting $51.60. 288,030 shares of the stock traded hands, compared to its average volume of 280,615. The firm has a market cap of $2,240.00, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.35. FCB Financial Holdings Inc has a one year low of $39.90 and a one 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.
FCB Financial (NYSE:FCB) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, topping the 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 had a net margin of 34.09% and a return on equity of 11.42%. During the same quarter last year, the firm posted $0.60 EPS. equities analysts expect that FCB Financial Holdings Inc will post 2.84 EPS for the current year.
A number of analysts have weighed in on FCB shares. Royal Bank of Canada reissued a “buy” rating and set a $54.00 target price on shares of FCB Financial in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of FCB Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price objective on shares of FCB Financial in a research report on Tuesday, October 3rd. One investment 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. FCB Financial has an average rating of “Hold” and a consensus price target of $54.60.
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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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