FCB Financial Holdings Inc (FCB) CEO Sells $1,027,531.67 in Stock
FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 19,987 shares of FCB Financial stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $51.41, for a total transaction of $1,027,531.67. Following the transaction, the chief executive officer now directly owns 173,252 shares of the company’s stock, valued at $8,906,885.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of FCB Financial Holdings Inc (NYSE FCB) opened at $52.65 on Monday. FCB Financial Holdings Inc has a 52-week low of $39.90 and a 52-week high of $54.10. The firm has a market capitalization of $2,280.00, a price-to-earnings ratio of 17.85, a PEG ratio of 1.16 and a beta of 1.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94.
FCB Financial (NYSE:FCB) last released its earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. The business had revenue of $84.21 million during the quarter, compared to the consensus estimate of $87.16 million. During the same period last year, the company earned $0.60 earnings per share. equities research analysts predict that FCB Financial Holdings Inc will post 2.84 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the company. Janney Capital Management LLC lifted its position in shares of FCB Financial by 39.0% during the third quarter. Janney Capital Management LLC now owns 8,904 shares of the bank’s stock worth $430,000 after purchasing an additional 2,498 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of FCB Financial during the third quarter worth $146,000. Grandeur Peak Global Advisors LLC bought a new stake in shares of FCB Financial during the third quarter worth $693,000. M&R Capital Management Inc. lifted its position in shares of FCB Financial by 150.9% during the third quarter. M&R Capital Management Inc. now owns 8,780 shares of the bank’s stock worth $424,000 after purchasing an additional 5,280 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of FCB Financial by 13.0% during the third quarter. Stifel Financial Corp now owns 418,354 shares of the bank’s stock worth $20,205,000 after purchasing an additional 47,995 shares during the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.
Several research firms have commented on FCB. Zacks Investment Research lowered shares of FCB Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of FCB Financial in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price objective on shares of FCB Financial in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.60.
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.
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