FCB Financial Holdings Inc (FCB) Insider Sells $616,308.00 in Stock
FCB Financial Holdings Inc (NYSE:FCB) insider Les J. Lieberman sold 12,075 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $51.04, for a total transaction of $616,308.00. Following the completion of the sale, the insider now directly owns 12,104 shares of the company’s stock, valued at approximately $617,788.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of FCB Financial Holdings Inc (FCB) opened at $52.65 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. The stock has a market cap of $2,280.00, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35. FCB Financial Holdings Inc has a twelve month low of $39.90 and a twelve month high of $54.10.
FCB Financial (NYSE:FCB) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.05. The firm had revenue of $84.21 million during the quarter, compared to the consensus estimate of $87.16 million. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. During the same quarter in the previous year, the firm posted $0.60 EPS. equities research analysts expect that FCB Financial Holdings Inc will post 2.84 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in shares of FCB Financial during the 2nd quarter worth approximately $109,000. Valeo Financial Advisors LLC bought a new stake in shares of FCB Financial during the 3rd quarter worth approximately $146,000. Ameritas Investment Partners Inc. lifted its holdings in shares of FCB Financial by 19.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after acquiring an additional 504 shares during the period. M&R Capital Management Inc. lifted its holdings in shares of FCB Financial by 600.0% during the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after acquiring an additional 3,000 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of FCB Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after acquiring an additional 609 shares during the period. 93.72% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on FCB shares. Royal Bank of Canada reissued a “buy” rating and issued a $54.00 price objective on shares of FCB Financial in a report on Wednesday, October 25th. Zacks Investment Research raised shares of FCB Financial from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price objective on shares of FCB Financial in a report on Tuesday, October 3rd. One equities research 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 currently has a consensus rating of “Hold” and an average price target of $54.60.
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FCB Financial Company 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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