California State Teachers Retirement System raised its stake in FCB Financial Holdings, Inc. (NYSE:FCB) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,433 shares of the bank’s stock after purchasing an additional 3,402 shares during the quarter. California State Teachers Retirement System owned 0.14% of FCB Financial Holdings worth $2,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of FCB Financial Holdings in the second quarter worth approximately $502,000. UBS Asset Management Americas Inc. raised its stake in shares of FCB Financial Holdings 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 purchasing an additional 1,899 shares during the last quarter. Whittier Trust Co. raised its stake in shares of FCB Financial Holdings by 2.6% in the second quarter. Whittier Trust Co. now owns 50,389 shares of the bank’s stock worth $2,406,000 after purchasing an additional 1,278 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of FCB Financial Holdings by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock worth $140,048,000 after purchasing an additional 101,061 shares during the last quarter. Finally, Emerald Advisers Inc. PA raised its stake in shares of FCB Financial Holdings by 33.1% in the second quarter. Emerald Advisers Inc. PA now owns 635,513 shares of the bank’s stock worth $30,346,000 after purchasing an additional 158,130 shares during the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.

In other FCB Financial Holdings news, Director Alan S. Bernikow sold 44,130 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $49.00, for a total value of $2,162,370.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stuart I. Oran sold 11,142 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $47.72, for a total value of $531,696.24. Following the completion of the sale, the insider now directly owns 18,246 shares of the company’s stock, valued at $870,699.12. The disclosure for this sale can be found here. Insiders have sold 546,104 shares of company stock valued at $24,871,990 over the last ninety days. 15.40% of the stock is currently owned by company insiders.

Shares of FCB Financial Holdings, Inc. (NYSE FCB) opened at $46.50 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $2,053.27, a P/E ratio of 17.29, a P/E/G ratio of 1.16 and a beta of 1.30. FCB Financial Holdings, Inc. has a 52-week low of $36.15 and a 52-week high of $50.33.

FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.05. The company had revenue of $84.21 million during the quarter, compared to the consensus estimate of $87.16 million. FCB Financial Holdings had a return on equity of 11.42% and a net margin of 34.09%. During the same period last year, the business posted $0.60 earnings per share. research analysts anticipate that FCB Financial Holdings, Inc. will post 2.84 EPS for the current fiscal year.

Several analysts have recently commented on FCB shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a research note on Tuesday, October 3rd. BidaskClub downgraded FCB Financial Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded FCB Financial Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. ValuEngine downgraded FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Royal Bank Of Canada started coverage on FCB Financial Holdings in a research note on Monday, July 17th. They issued an “outperform” rating and a $56.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $53.40.

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FCB Financial Holdings 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.

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

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