State Street Corp cut its position in shares of FCB Financial Holdings, Inc. (NYSE:FCB) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,049,157 shares of the bank’s stock after selling 41,387 shares during the quarter. State Street Corp owned 2.42% of FCB Financial Holdings worth $50,103,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its holdings in shares of FCB Financial Holdings by 9.3% during the second quarter. UBS Asset Management Americas Inc. now owns 22,221 shares of the bank’s stock worth $1,061,000 after buying an additional 1,899 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of FCB Financial Holdings by 23.6% during the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock worth $168,000 after buying an additional 649 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of FCB Financial Holdings by 2.6% during the second quarter. Whittier Trust Co. now owns 50,389 shares of the bank’s stock worth $2,406,000 after buying an additional 1,278 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of FCB Financial Holdings by 3.7% during the first quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock worth $140,048,000 after buying an additional 101,061 shares in the last quarter. Finally, Emerald Advisers Inc. PA grew its holdings in shares of FCB Financial Holdings by 33.1% during the second quarter. Emerald Advisers Inc. PA now owns 635,513 shares of the bank’s stock worth $30,346,000 after buying an additional 158,130 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

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FCB Financial Holdings (NYSE:FCB) last released its earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $84.21 million during the quarter, compared to analyst estimates of $87.16 million. FCB Financial Holdings had a return on equity of 11.70% and a net margin of 34.09%. During the same period in the prior year, the company posted $0.60 earnings per share.

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price target on shares of FCB Financial Holdings in a research note on Tuesday, October 3rd. BidaskClub downgraded FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $54.00 price target on shares of FCB Financial Holdings in a research note on Wednesday, October 25th. Zacks Investment Research downgraded FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, ValuEngine upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $53.40.

In other FCB Financial Holdings news, Director Alan S. Bernikow sold 44,130 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $49.00, for a total transaction of $2,162,370.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kent S. Ellert sold 12,818 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $47.42, for a total value of $607,829.56. Following the transaction, the chief executive officer now directly owns 147,139 shares of the company’s stock, valued at $6,977,331.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 688,594 shares of company stock valued at $31,525,098. 15.40% of the stock is currently owned by corporate insiders.

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

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