Janney Capital Management LLC purchased a new stake in shares of FCB Financial Holdings, Inc. (NYSE:FCB) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,406 shares of the bank’s stock, valued at approximately $305,000.
Other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new stake in FCB Financial Holdings during the first quarter valued at approximately $117,000. Ameritas Investment Partners Inc. acquired a new stake in FCB Financial Holdings during the first quarter valued at approximately $128,000. SG Americas Securities LLC increased 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 valued at $168,000 after buying an additional 649 shares during the last quarter. Victory Capital Management Inc. increased 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 valued at $171,000 after buying an additional 494 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new stake in FCB Financial Holdings during the first quarter valued at approximately $204,000. Hedge funds and other institutional investors own 95.44% of the company’s stock.
FCB Financial Holdings, Inc. (NYSE:FCB) traded down 1.36% on Friday, hitting $43.65. The stock had a trading volume of 247,363 shares. FCB Financial Holdings, Inc. has a 12 month low of $35.55 and a 12 month high of $50.33. The company’s 50 day moving average is $47.17 and its 200-day moving average is $47.51. The stock has a market cap of $1.89 billion, a P/E ratio of 15.21 and a beta of 1.29.
FCB Financial Holdings (NYSE:FCB) last posted its earnings results on Tuesday, July 25th. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. The firm 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 11.11% and a net margin of 33.95%. FCB Financial Holdings’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Analysts forecast that FCB Financial Holdings, Inc. will post $2.80 EPS for the current year.
Several equities research analysts recently commented on the company. 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 began coverage on FCB Financial Holdings in a report on Monday, July 17th. They issued an “outperform” rating and a $56.00 price objective for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 target price on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.67.
In related news, insider Les J. Lieberman sold 6,000 shares of the firm’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 of the company’s stock, valued at $16,131,213.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stuart I. Oran sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $45.99, for a total value of $137,970.00. Following the sale, the insider now directly owns 10,104 shares in the company, valued at $464,682.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 596,649 shares of company stock worth $28,118,048. 15.40% of the stock is 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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