FCB Financial Holdings Inc (FCB) Insider Sells $829,560.00 in Stock

FCB Financial Holdings Inc (NYSE:FCB) insider Stuart I. Oran sold 15,500 shares of FCB Financial stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $53.52, for a total transaction of $829,560.00. Following the completion of the sale, the insider now owns 12,104 shares of the company’s stock, valued at $647,806.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of FCB Financial Holdings Inc (NYSE:FCB) traded down $2.30 during trading on Thursday, hitting $52.25. 294,274 shares of the stock were exchanged, compared to its average volume of 215,466. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93. FCB Financial Holdings Inc has a twelve month low of $39.90 and a twelve month high of $57.20. The firm has a market capitalization of $2,421.33, a PE ratio of 19.62, a price-to-earnings-growth ratio of 0.80 and a beta of 1.34.

FCB Financial (NYSE:FCB) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. FCB Financial had a net margin of 30.60% and a return on equity of 11.82%. The business had revenue of $85.85 million during the quarter, compared to analysts’ expectations of $88.53 million. During the same period in the previous year, the company earned $0.62 earnings per share. equities research analysts anticipate that FCB Financial Holdings Inc will post 3.62 EPS for the current year.

Several institutional investors have recently modified their holdings of FCB. Nationwide Fund Advisors lifted its stake in shares of FCB Financial by 34.2% in the second quarter. Nationwide Fund Advisors now owns 51,230 shares of the bank’s stock worth $2,446,000 after buying an additional 13,057 shares during the last quarter. BlackRock Inc. lifted its stake in shares of FCB Financial by 6.8% in the second quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock worth $114,862,000 after buying an additional 153,627 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of FCB Financial in the second quarter worth $214,000. UBS Asset Management Americas Inc. lifted its stake in shares of FCB Financial by 9.3% in the second quarter. UBS Asset Management Americas Inc. now owns 22,221 shares of the bank’s stock worth $1,061,000 after buying an additional 1,899 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of FCB Financial by 24.1% in the second quarter. Northern Trust Corp now owns 746,665 shares of the bank’s stock worth $35,654,000 after buying an additional 144,823 shares during the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.

A number of research firms have issued reports on FCB. Zacks Investment Research upgraded shares of FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a research note on Thursday, January 11th. Royal Bank of Canada reiterated a “buy” rating and issued a $61.00 target price on shares of FCB Financial in a research note on Wednesday, January 24th. Finally, Bank of America lifted their target price on shares of FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.20.

TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/02/08/fcb-financial-holdings-inc-fcb-insider-sells-829560-00-in-stock.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.

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

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.

Leave a Reply