FCB Financial Holdings Inc (FCB) CEO Kent S. Ellert Sells 8,037 Shares

FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 8,037 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $54.60, for a total transaction of $438,820.20. Following the transaction, the chief executive officer now directly owns 125,739 shares in the company, valued at $6,865,349.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of FCB Financial Holdings Inc (NYSE FCB) traded up $0.20 during mid-day trading on Wednesday, reaching $54.55. 205,947 shares of the company’s stock traded hands, compared to its average volume of 212,436. The company has a market capitalization of $2,372.33, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. 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 Holdings Inc has a twelve month low of $39.90 and a twelve month high of $57.20.

FCB Financial (NYSE:FCB) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $85.85 million for the quarter, compared to analyst estimates of $88.53 million. FCB Financial had a net margin of 30.60% and a return on equity of 11.82%. During the same quarter in the previous year, the firm posted $0.62 earnings per share. analysts expect that FCB Financial Holdings Inc will post 3.62 earnings per share for the current year.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research report on Thursday, January 11th. Bank of America lifted their price objective on shares of FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $54.00 price objective on shares of FCB Financial in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. FCB Financial currently has a consensus rating of “Buy” and a consensus price target of $59.20.

A number of hedge funds have recently made changes to their positions in the business. Suntrust Banks Inc. raised its position in FCB Financial by 1.6% in the second quarter. Suntrust Banks Inc. now owns 8,937 shares of the bank’s stock worth $426,000 after acquiring an additional 142 shares during the period. HighTower Advisors LLC raised its position in FCB Financial by 0.8% in the second quarter. HighTower Advisors LLC now owns 27,280 shares of the bank’s stock worth $1,294,000 after acquiring an additional 227 shares during the period. Ameritas Investment Partners Inc. raised its position in FCB Financial by 19.5% in the second 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 period. Whittier Trust Co. raised its position in FCB Financial by 2.1% in the fourth quarter. Whittier Trust Co. now owns 52,186 shares of the bank’s stock worth $2,651,000 after acquiring an additional 1,071 shares during the period. Finally, US Bancorp DE increased its stake in shares of FCB Financial by 3.8% in the fourth quarter. US Bancorp DE now owns 29,841 shares of the bank’s stock worth $1,516,000 after purchasing an additional 1,094 shares in the last quarter. 92.47% of the stock is currently owned by institutional investors and hedge funds.

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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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