Credit Suisse AG cut its stake in FCB Financial Holdings, Inc. (NYSE:FCB) by 11.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,140 shares of the bank’s stock after selling 3,598 shares during the period. Credit Suisse AG’s holdings in FCB Financial Holdings were worth $1,394,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FCB. Clinton Group Inc. increased its stake in shares of FCB Financial Holdings by 0.9% in the first quarter. Clinton Group Inc. now owns 18,177 shares of the bank’s stock valued at $901,000 after buying an additional 169 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of FCB Financial Holdings by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 28,660 shares of the bank’s stock valued at $1,420,000 after buying an additional 285 shares during the period. Victory Capital Management Inc. increased its stake in shares of FCB Financial Holdings by 16.7% in the first quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock valued at $171,000 after buying an additional 494 shares during the period. Suntrust Banks Inc. increased its stake in shares of FCB Financial Holdings by 6.6% in the first quarter. Suntrust Banks Inc. now owns 8,795 shares of the bank’s stock valued at $435,000 after buying an additional 544 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock valued at $168,000 after buying an additional 649 shares during the period. Institutional investors own 92.63% of the company’s stock.

FCB Financial Holdings, Inc. (NYSE:FCB) remained flat at $44.90 on Wednesday. The stock had a trading volume of 10,443 shares. The firm has a market capitalization of $1.95 billion, a P/E ratio of 15.65 and a beta of 1.29. FCB Financial Holdings, Inc. has a 52-week low of $35.55 and a 52-week high of $50.33. The company has a 50 day moving average price of $47.11 and a 200-day moving average price of $47.48.

FCB Financial Holdings (NYSE:FCB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The business had revenue of $83 million during the quarter, compared to analyst estimates of $83.47 million. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current fiscal year.

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Several brokerages have issued reports on FCB. BidaskClub downgraded FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada initiated coverage on FCB Financial Holdings in a report on Monday, July 17th. They set an “outperform” rating and a $56.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price objective on shares of FCB Financial Holdings in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.67.

In related news, CEO Kent S. Ellert sold 19,809 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $46.15, for a total value of $914,185.35. Following the completion of the sale, the chief executive officer now directly owns 151,568 shares of the company’s stock, valued at approximately $6,994,863.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan S. Bernikow sold 5,870 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $49.00, for a total value of $287,630.00. Following the completion of the sale, the director now directly owns 10,070 shares of the company’s stock, valued at $493,430. The disclosure for this sale can be found here. Insiders sold a total of 599,016 shares of company stock valued at $28,139,354 over the last ninety days. 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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