Stuart I. Oran Sells 5,000 Shares of FCB Financial Holdings Inc (FCB) Stock

FCB Financial Holdings Inc (NYSE:FCB) insider Stuart I. Oran sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $54.53, for a total value of $272,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of FCB Financial Holdings Inc (NYSE:FCB) opened at $55.55 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $2,470.34, a PE ratio of 19.46, a price-to-earnings-growth ratio of 0.81 and a beta of 1.34. FCB Financial Holdings Inc has a twelve month low of $39.90 and a twelve month high of $57.20.

FCB Financial (NYSE:FCB) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $85.85 million for the quarter, compared to analysts’ expectations of $88.53 million. FCB Financial had a return on equity of 11.82% and a net margin of 30.60%. During the same period last year, the firm earned $0.62 earnings per share. equities research analysts predict that FCB Financial Holdings Inc will post 3.62 EPS for the current year.

FCB has been the topic of a number of recent research reports. Zacks Investment Research raised FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, December 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $61.00 target price on shares of FCB Financial in a report on Wednesday, January 24th. Finally, Bank of America raised their target price on FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.20.

A number of large investors have recently bought and sold shares of FCB. Macquarie Group Ltd. raised its holdings in FCB Financial by 159.3% during the third quarter. Macquarie Group Ltd. now owns 506,892 shares of the bank’s stock valued at $24,483,000 after acquiring an additional 311,406 shares during the period. Victory Capital Management Inc. raised its holdings in FCB Financial by 5,419.6% during the fourth quarter. Victory Capital Management Inc. now owns 301,592 shares of the bank’s stock valued at $15,321,000 after acquiring an additional 296,128 shares during the period. Vanguard Group Inc. raised its holdings in FCB Financial by 9.3% during the second quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock valued at $147,518,000 after acquiring an additional 262,969 shares during the period. Chartwell Investment Partners LLC bought a new stake in FCB Financial during the third quarter valued at about $11,094,000. Finally, Dimensional Fund Advisors LP raised its holdings in FCB Financial by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,457,037 shares of the bank’s stock valued at $70,374,000 after acquiring an additional 173,511 shares during the period. 93.26% of the stock is currently owned by institutional investors and hedge funds.

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About FCB Financial

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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