FCB Financial Holdings, Inc. (FCB) Insider Les J. Lieberman Sells 19,054 Shares

FCB Financial Holdings, Inc. (NYSE:FCB) insider Les J. Lieberman sold 19,054 shares of FCB Financial Holdings stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $47.07, for a total transaction of $896,871.78. Following the completion of the sale, the insider now directly owns 310,599 shares in the company, valued at approximately $14,619,894.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

FCB Financial Holdings, Inc. (NYSE FCB) opened at 47.35 on Monday. FCB Financial Holdings, Inc. has a one year low of $35.18 and a one year high of $50.33. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 16.51 and a beta of 1.29. The firm has a 50-day moving average price of $47.44 and a 200-day moving average price of $47.53.

FCB Financial Holdings (NYSE:FCB) last posted its earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The company had revenue of $83 million for the quarter, compared to analyst estimates of $83.47 million. FCB Financial Holdings had a return on equity of 11.43% and a net margin of 33.95%. FCB Financial Holdings’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, equities analysts predict that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current year.

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A number of research analysts have weighed in on FCB shares. BidaskClub lowered FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered 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. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a report on Thursday, July 27th. Finally, Royal Bank Of Canada started coverage on FCB Financial Holdings in a report on Monday, July 17th. They issued an “outperform” rating and a $56.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. FCB Financial Holdings has an average rating of “Hold” and a consensus price target of $51.67.

A number of hedge funds have recently bought and sold shares of FCB. Oppenheimer Asset Management Inc. purchased a new stake in FCB Financial Holdings during the first quarter valued at $117,000. Ameritas Investment Partners Inc. bought a new stake in FCB Financial Holdings during the first quarter worth approximately $128,000. SG Americas Securities LLC raised its stake in FCB Financial Holdings by 23.6% in 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 during the last quarter. Victory Capital Management Inc. raised its stake in FCB Financial Holdings by 16.7% in the first quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock worth $171,000 after buying an additional 494 shares during the last quarter. Finally, Teza Capital Management LLC bought a new stake in FCB Financial Holdings during the first quarter worth approximately $204,000. 95.44% of the stock is currently owned by institutional investors.

FCB Financial Holdings 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.