Insider Selling: FCB Financial Holdings Inc (FCB) Insider Sells 3,000 Shares of Stock
FCB Financial Holdings Inc (NYSE:FCB) insider Stuart I. Oran sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $47.75, for a total transaction of $143,250.00. Following the sale, the insider now directly owns 10,104 shares in the company, valued at approximately $482,466. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of FCB Financial Holdings Inc (NYSE:FCB) traded up 2.00% during mid-day trading on Thursday, hitting $48.45. 202,018 shares of the company’s stock traded hands. The stock has a market cap of $2.01 billion, a P/E ratio of 20.97 and a beta of 1.38. FCB Financial Holdings Inc has a 1-year low of $31.98 and a 1-year high of $50.33. The stock has a 50 day moving average price of $48.36 and a 200-day moving average price of $44.87.
FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings results on Wednesday, January 25th. The bank reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The business earned $78.99 million during the quarter, compared to analysts’ expectations of $77.39 million. FCB Financial Holdings had a net margin of 28.63% and a return on equity of 10.77%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Equities research analysts anticipate that FCB Financial Holdings Inc will post $2.71 EPS for the current fiscal year.
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A number of analysts recently commented on FCB shares. Zacks Investment Research raised shares of 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. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $52.00 price target on shares of FCB Financial Holdings in a report on Wednesday, April 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.50.
Several hedge funds have recently bought and sold shares of FCB. Suntrust Banks Inc. boosted its stake in FCB Financial Holdings by 6.6% in the third quarter. Suntrust Banks Inc. now owns 8,405 shares of the bank’s stock valued at $322,000 after buying an additional 519 shares in the last quarter. Citadel Advisors LLC boosted its stake in FCB Financial Holdings by 32.5% in the third quarter. Citadel Advisors LLC now owns 418,015 shares of the bank’s stock valued at $16,065,000 after buying an additional 102,558 shares in the last quarter. Two Sigma Investments LP boosted its stake in FCB Financial Holdings by 108.6% in the fourth quarter. Two Sigma Investments LP now owns 322,698 shares of the bank’s stock valued at $15,393,000 after buying an additional 168,027 shares in the last quarter. State Street Corp boosted its stake in FCB Financial Holdings by 72.0% in the fourth quarter. State Street Corp now owns 864,511 shares of the bank’s stock valued at $41,233,000 after buying an additional 361,838 shares in the last quarter. Finally, Foresters Investment Management Company Inc. boosted its stake in FCB Financial Holdings by 2.2% in the fourth quarter. Foresters Investment Management Company Inc. now owns 137,500 shares of the bank’s stock valued at $6,621,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.
About FCB Financial Holdings
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.
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