Basswood Capital Management L.L.C. maintained its stake in shares of FCB Financial Holdings, Inc. (NYSE:FCB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,788 shares of the company’s stock at the end of the fourth quarter. Basswood Capital Management L.L.C. owned 0.13% of FCB Financial Holdings worth $2,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FCB. Oak Hill Advisors LP raised its stake in shares of FCB Financial Holdings by 152.2% in the third quarter. Oak Hill Advisors LP now owns 2,744,824 shares of the company’s stock valued at $105,483,000 after buying an additional 1,656,423 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of FCB Financial Holdings during the third quarter valued at approximately $23,776,000. Boston Partners raised its stake in shares of FCB Financial Holdings by 185.9% in the third quarter. Boston Partners now owns 876,431 shares of the company’s stock valued at $33,681,000 after buying an additional 569,858 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of FCB Financial Holdings by 641.3% in the fourth quarter. Renaissance Technologies LLC now owns 446,252 shares of the company’s stock valued at $21,286,000 after buying an additional 386,052 shares during the last quarter. Finally, State Street Corp raised its stake in shares of FCB Financial Holdings by 72.0% in the fourth quarter. State Street Corp now owns 864,511 shares of the company’s stock valued at $41,233,000 after buying an additional 361,838 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for FCB Financial Holdings (NYSE:FCB)

FCB Financial Holdings, Inc. (NYSE:FCB) traded up 1.03% during trading on Thursday, hitting $49.00. The stock had a trading volume of 432,638 shares. The firm has a market cap of $2.01 billion, a P/E ratio of 20.89 and a beta of 1.38. The stock’s 50 day moving average price is $46.93 and its 200 day moving average price is $41.41. FCB Financial Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $49.40.

FCB Financial Holdings (NYSE:FCB) last posted its earnings results on Wednesday, January 25th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. FCB Financial Holdings had a return on equity of 10.77% and a net margin of 28.63%. The business earned $78.99 million during the quarter, compared to the consensus estimate of $77.39 million. During the same period in the previous year, the business earned $0.52 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts anticipate that FCB Financial Holdings, Inc. will post $2.71 EPS for the current fiscal year.

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FCB has been the topic of several research analyst reports. Zacks Investment Research raised FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Monday, December 26th. Raymond James Financial, Inc. initiated coverage on FCB Financial Holdings in a report on Wednesday, November 30th. They issued a “mkt perform” rating on the stock. Citigroup Inc. initiated coverage on FCB Financial Holdings in a report on Wednesday, November 30th. They issued a “market perform” rating on the stock. Hovde Group lowered FCB Financial Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, November 14th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of FCB Financial Holdings in a report on Friday, October 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. FCB Financial Holdings currently has an average rating of “Buy” and an average price target of $46.33.

In other FCB Financial Holdings news, insider Stuart I. Oran sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $42.29, for a total transaction of $845,800.00. Following the completion of the sale, the insider now directly owns 25,104 shares of the company’s stock, valued at approximately $1,061,648.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul A. Novelly sold 63,833 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $46.49, for a total value of $2,967,596.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 431,467 shares of company stock valued at $19,938,410. 17.70% of the stock is owned by company insiders.

FCB Financial Holdings Company Profile

FCB Financial Holdings, Inc is a bank holding company with one 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. The Company provides a range of financial products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through approximately 50 branches in south and central Florida.

5 Day Chart for NYSE:FCB

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