Janney Capital Management LLC increased its stake in shares of FCB Financial Holdings, Inc. (NYSE:FCB) by 39.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,904 shares of the bank’s stock after buying an additional 2,498 shares during the quarter. Janney Capital Management LLC’s holdings in FCB Financial were worth $430,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in FCB Financial during the 2nd quarter worth $109,000. Valeo Financial Advisors LLC bought a new position in FCB Financial during the 3rd quarter worth $146,000. Ameritas Investment Partners Inc. grew its stake in FCB Financial by 19.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after buying an additional 504 shares during the last quarter. M&R Capital Management Inc. grew its stake in FCB Financial by 600.0% during the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after buying an additional 3,000 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in FCB Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after buying an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 93.98% of the company’s stock.
FCB Financial Holdings, Inc. (NYSE:FCB) traded down $0.45 during trading hours on Tuesday, hitting $51.15. The stock had a trading volume of 269,400 shares, compared to its average volume of 241,048. FCB Financial Holdings, Inc. has a 12 month low of $39.90 and a 12 month high of $54.10. The company has a market capitalization of $2,263.94, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94.
A number of research analysts recently commented on the company. Royal Bank of Canada restated a “buy” rating and set a $54.00 price objective on shares of FCB Financial in a research note on Wednesday, October 25th. Zacks Investment Research upgraded FCB Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 price objective on shares of FCB Financial in a research note on Tuesday, October 3rd. Finally, ValuEngine downgraded FCB Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $53.40.
In other news, CEO Kent S. Ellert sold 11,584 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $51.36, for a total value of $594,954.24. Following the completion of the sale, the chief executive officer now owns 145,435 shares in the company, valued at $7,469,541.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan S. Bernikow sold 44,130 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $49.00, for a total value of $2,162,370.00. The disclosure for this sale can be found here. In the last three months, insiders sold 606,814 shares of company stock valued at $30,292,389. Company insiders own 15.40% of the company’s stock.
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FCB Financial 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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