Kent S. Ellert Sells 20,537 Shares of FCB Financial Holdings Inc (FCB) Stock
FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 20,537 shares of FCB Financial stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $51.22, for a total transaction of $1,051,905.14. Following the transaction, the chief executive officer now owns 146,479 shares in the company, valued at $7,502,654.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
FCB Financial Holdings Inc (NYSE:FCB) opened at $50.80 on Friday. 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 Holdings Inc has a fifty-two week low of $39.90 and a fifty-two week high of $54.10. The company has a market cap of $2,154.25, a price-to-earnings ratio of 18.12, a PEG ratio of 1.22 and a beta of 1.36.
FCB Financial (NYSE:FCB) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. The business had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $87.16 million. During the same period in the previous year, the company posted $0.60 EPS. sell-side analysts predict that FCB Financial Holdings Inc will post 2.84 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of FCB. Lazard Asset Management LLC purchased a new position in shares of FCB Financial during the 2nd quarter valued at $17,499,000. TimesSquare Capital Management LLC grew its holdings in shares of FCB Financial by 217.4% during the 2nd quarter. TimesSquare Capital Management LLC now owns 532,600 shares of the bank’s stock valued at $25,432,000 after acquiring an additional 364,800 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of FCB Financial by 159.3% during the 3rd quarter. Macquarie Group Ltd. now owns 506,892 shares of the bank’s stock valued at $24,483,000 after acquiring an additional 311,406 shares in the last quarter. Vanguard Group Inc. boosted its holdings in FCB Financial by 9.3% in the second quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock worth $147,518,000 after purchasing an additional 262,969 shares in the last quarter. Finally, Chartwell Investment Partners LLC bought a new stake in FCB Financial in the third quarter worth $11,094,000. Institutional investors and hedge funds own 93.98% of the company’s stock.
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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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