OppenheimerFunds Inc. boosted its position in shares of FCB Financial Holdings, Inc. (NYSE:FCB) by 3.7% during the first quarter, Holdings Channel reports. The firm owned 319,232 shares of the bank’s stock after buying an additional 11,485 shares during the period. OppenheimerFunds Inc. owned 0.75% of FCB Financial Holdings worth $15,818,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FCB. Russell Investments Group Ltd. bought a new position in shares of FCB Financial Holdings during the fourth quarter valued at about $1,981,000. State Street Corp raised its position in shares of 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 during the period. Dimensional Fund Advisors LP raised its position in shares of FCB Financial Holdings by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 984,917 shares of the bank’s stock valued at $46,981,000 after buying an additional 175,646 shares during the period. Gabelli Funds LLC raised its position in shares of FCB Financial Holdings by 1.3% in the fourth quarter. Gabelli Funds LLC now owns 92,000 shares of the bank’s stock valued at $4,388,000 after buying an additional 1,200 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in shares of FCB Financial Holdings by 47.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 137,769 shares of the bank’s stock valued at $6,572,000 after buying an additional 44,369 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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

FCB Financial Holdings, Inc. (NYSE FCB) traded down 1.57% during mid-day trading on Friday, reaching $47.05. 814,906 shares of the company’s stock traded hands. FCB Financial Holdings, Inc. has a one year low of $31.98 and a one year high of $50.33. The firm’s 50-day moving average price is $46.98 and its 200 day moving average price is $47.41. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 17.69 and a beta of 1.32.

FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings results on Thursday, April 20th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. FCB Financial Holdings had a net margin of 32.07% and a return on equity of 10.81%. The company had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.44 million. During the same period in the previous year, the firm posted $0.53 EPS. FCB Financial Holdings’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts forecast that FCB Financial Holdings, Inc. will post $2.65 EPS for the current year.

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Several research analysts recently issued reports on FCB shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $52.00 target price on shares of FCB Financial Holdings in a research report on Wednesday, April 5th. Zacks Investment Research lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $57.00 target price (up from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. FCB Financial Holdings currently has a consensus rating of “Hold” and an average price target of $50.75.

In other FCB Financial Holdings news, CEO Kent S. Ellert sold 31,320 shares of FCB Financial Holdings stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $48.25, for a total value of $1,511,190.00. Following the completion of the transaction, the chief executive officer now directly owns 159,415 shares of the company’s stock, valued at approximately $7,691,773.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Les J. Lieberman sold 37,575 shares of FCB Financial Holdings stock in a transaction on Friday, June 9th. The stock was sold at an average price of $47.80, for a total transaction of $1,796,085.00. Following the completion of the transaction, the insider now directly owns 313,729 shares of the company’s stock, valued at $14,996,246.20. The disclosure for this sale can be found here. Insiders sold a total of 620,498 shares of company stock valued at $29,637,276 over the last three months. Corporate insiders own 15.40% 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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