FCB Financial Holdings, Inc. (NYSE:FCB) insider Les J. Lieberman sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $47.14, for a total transaction of $282,840.00. Following the sale, the insider now directly owns 342,198 shares in the company, valued at $16,131,213.72. The sale was disclosed in a legal filing with the SEC, which is available through this link.
FCB Financial Holdings, Inc. (NYSE:FCB) traded down 2.75% on Thursday, hitting $44.25. 270,853 shares of the stock traded hands. FCB Financial Holdings, Inc. has a 52 week low of $35.55 and a 52 week high of $50.33. The firm has a market capitalization of $1.92 billion, a PE ratio of 15.42 and a beta of 1.29. The stock has a 50 day moving average of $47.33 and a 200 day moving average of $47.55.
FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The company had revenue of $83 million for the quarter, compared to analyst estimates of $83.47 million. During the same period last year, the firm earned $0.56 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Equities research analysts anticipate that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCB. BlackRock Inc. raised its position in FCB Financial Holdings by 6.8% in the second quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock worth $114,862,000 after buying an additional 153,627 shares during the last quarter. Nationwide Fund Advisors raised its position in FCB Financial Holdings by 34.2% in the second quarter. Nationwide Fund Advisors now owns 51,230 shares of the bank’s stock worth $2,446,000 after buying an additional 13,057 shares during the last quarter. Symphony Asset Management LLC raised its position in FCB Financial Holdings by 4.0% in the second quarter. Symphony Asset Management LLC now owns 15,914 shares of the bank’s stock worth $760,000 after buying an additional 613 shares during the last quarter. Systematic Financial Management LP raised its position in FCB Financial Holdings by 24.4% in the second quarter. Systematic Financial Management LP now owns 108,765 shares of the bank’s stock worth $5,194,000 after buying an additional 21,365 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in FCB Financial Holdings by 7.3% in the second quarter. Wells Fargo & Company MN now owns 246,281 shares of the bank’s stock worth $11,760,000 after buying an additional 16,767 shares during the last quarter. 95.44% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on FCB shares. Deutsche Bank AG reissued a “buy” rating and set a $57.00 price target (up from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. Zacks Investment Research cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. BidaskClub cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Royal Bank Of Canada started coverage on shares of FCB Financial Holdings in a research report on Monday, July 17th. They set an “outperform” rating and a $56.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.67.
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.
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