FCB Financial Holdings Inc (NYSE:FCB) Director Frederic V. Salerno sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $51.13, for a total value of $1,022,600.00. Following the completion of the sale, the director now owns 24,200 shares in the company, valued at approximately $1,237,346. The transaction was disclosed in a filing with the SEC, which is available at this link.
FCB Financial Holdings Inc (FCB) traded up $0.10 during midday trading on Thursday, reaching $51.70. The company had a trading volume of 147,804 shares, compared to its average volume of 236,333. 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 $2,240.00, a P/E ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 1.35.
FCB Financial (NYSE:FCB) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $87.16 million. During the same period in the prior year, the company earned $0.60 EPS. research analysts predict that FCB Financial Holdings Inc will post 2.84 EPS for the current fiscal year.
Several equities research analysts have commented on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price objective on shares of FCB Financial in a research report on Tuesday, October 3rd. Zacks Investment Research lowered FCB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $54.00 target price on shares of FCB Financial in a research report on Friday, September 8th. One research 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 a consensus rating of “Hold” and a consensus price target of $54.60.
TRADEMARK VIOLATION WARNING: “FCB Financial Holdings Inc (FCB) Director Frederic V. Salerno Sells 20,000 Shares” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/01/04/fcb-financial-holdings-inc-fcb-director-frederic-v-salerno-sells-20000-shares.html.
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.
Receive News & Ratings for FCB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial and related companies with MarketBeat.com's FREE daily email newsletter.