Kent S. Ellert Sells 17,837 Shares of FCB Financial Holdings, Inc. (FCB) Stock

FCB Financial Holdings, Inc. (NYSE:FCB) CEO Kent S. Ellert sold 17,837 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $43.28, for a total value of $771,985.36. Following the transaction, the chief executive officer now directly owns 152,082 shares in the company, valued at $6,582,108.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

FCB Financial Holdings, Inc. (NYSE FCB) opened at 44.00 on Friday. The company has a market cap of $1.91 billion, a P/E ratio of 15.34 and a beta of 1.29. FCB Financial Holdings, Inc. has a 12-month low of $35.55 and a 12-month high of $50.33. The firm has a 50-day moving average price of $46.18 and a 200-day moving average price of $47.31.

FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the 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 11.11% and a net margin of 33.95%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. On average, analysts forecast that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was posted by [[site]] and is the sole property of of [[site]]. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at [[permalink]].

FCB has been the topic of a number of research analyst reports. BidaskClub downgraded FCB Financial Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research raised FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Friday, July 28th. Royal Bank Of Canada assumed coverage on FCB Financial Holdings in a report on Monday, July 17th. They issued an “outperform” rating and a $56.00 target price on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 target price on shares of FCB Financial Holdings in a report on Thursday, July 27th. Finally, ValuEngine raised FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $53.80.

Several institutional investors have recently modified their holdings of FCB. SG Americas Securities LLC raised its position 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 last quarter. Whittier Trust Co. raised its position in shares of FCB Financial Holdings by 2.6% in the second quarter. Whittier Trust Co. now owns 50,389 shares of the bank’s stock valued at $2,406,000 after buying an additional 1,278 shares during the last quarter. Vanguard Group Inc. raised its position in shares of FCB Financial Holdings by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock valued at $140,048,000 after buying an additional 101,061 shares during the last quarter. 1st Global Advisors Inc. raised its position in shares of FCB Financial Holdings by 97.0% in the first quarter. 1st Global Advisors Inc. now owns 17,258 shares of the bank’s stock valued at $855,000 after buying an additional 8,498 shares during the last quarter. Finally, Emerald Advisers Inc. PA raised its position in shares of FCB Financial Holdings by 33.1% in the second quarter. Emerald Advisers Inc. PA now owns 635,513 shares of the bank’s stock valued at $30,346,000 after buying an additional 158,130 shares during the last quarter. 92.63% of the stock is currently owned by institutional investors.

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.