FCB Financial Holdings Inc (FCB) CEO Sells $1,111,869.23 in Stock

FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 19,951 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $55.73, for a total value of $1,111,869.23. Following the transaction, the chief executive officer now owns 228,828 shares in the company, valued at approximately $12,752,584.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

FCB Financial Holdings Inc (NYSE FCB) traded down $0.05 during trading hours on Monday, reaching $56.55. The company had a trading volume of 123,990 shares, compared to its average volume of 233,885. The stock has a market cap of $2,521.57, a P/E ratio of 19.10, a PEG ratio of 0.92 and a beta of 1.35. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. FCB Financial Holdings Inc has a 12-month low of $39.90 and a 12-month high of $56.65.

FCB Financial (NYSE:FCB) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm 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 last year, the business posted $0.60 EPS. equities research analysts predict that FCB Financial Holdings Inc will post 2.82 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its position in FCB Financial by 4.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 184,184 shares of the bank’s stock worth $9,357,000 after acquiring an additional 8,452 shares during the period. Janney Capital Management LLC lifted its position in FCB Financial by 39.0% during the 3rd quarter. Janney Capital Management LLC now owns 8,904 shares of the bank’s stock worth $430,000 after acquiring an additional 2,498 shares during the period. Valeo Financial Advisors LLC acquired a new stake in FCB Financial during the 3rd quarter worth approximately $146,000. Grandeur Peak Global Advisors LLC acquired a new stake in FCB Financial during the 3rd quarter worth approximately $693,000. Finally, M&R Capital Management Inc. lifted its position in FCB Financial by 150.9% during the 3rd quarter. M&R Capital Management Inc. now owns 8,780 shares of the bank’s stock worth $424,000 after acquiring an additional 5,280 shares during the period. Hedge funds and other institutional investors own 92.29% of the company’s stock.

A number of research firms recently issued reports on FCB. Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research note on Thursday, January 11th. Royal Bank of Canada restated a “buy” rating and set a $54.00 price target on shares of FCB Financial in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 price target on shares of FCB Financial in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $56.00.

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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.

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

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