FCB Financial Holdings Inc (FCB) Director Frederic V. Salerno Sells 20,000 Shares

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.

A number of hedge funds and other institutional investors have recently bought and sold shares of FCB. Tower Research Capital LLC TRC acquired a new stake in shares of FCB Financial in the 2nd quarter worth $109,000. Valeo Financial Advisors LLC acquired a new stake in shares of FCB Financial in the 3rd quarter worth $146,000. Ameritas Investment Partners Inc. increased its stake in shares of FCB Financial by 19.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after acquiring an additional 504 shares during the last quarter. M&R Capital Management Inc. increased its stake in shares of FCB Financial by 600.0% in the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of FCB Financial by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after acquiring an additional 609 shares during the last quarter. 93.72% of the stock is owned by hedge funds and other institutional investors.

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.

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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.

Insider Buying and Selling by Quarter for FCB Financial (NYSE:FCB)

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