FCB Financial Holdings (NYSE:FCB) Shares Sold by Boston Partners

Boston Partners reduced its position in shares of FCB Financial Holdings (NYSE:FCB) by 5.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 846,689 shares of the bank’s stock after selling 44,122 shares during the quarter. Boston Partners owned approximately 1.89% of FCB Financial worth $43,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Truepoint Inc. raised its holdings in FCB Financial by 316.8% in the 4th quarter. Truepoint Inc. now owns 3,947 shares of the bank’s stock worth $201,000 after purchasing an additional 3,000 shares in the last quarter. Ranger Investment Management L.P. bought a new position in FCB Financial in the 4th quarter worth $208,000. Whittier Trust Co. of Nevada Inc. raised its holdings in FCB Financial by 59.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,273 shares of the bank’s stock worth $218,000 after purchasing an additional 1,598 shares in the last quarter. SG Americas Securities LLC bought a new position in FCB Financial in the 1st quarter worth $219,000. Finally, California Public Employees Retirement System bought a new position in FCB Financial in the 4th quarter worth $262,000. Institutional investors own 94.28% of the company’s stock.

In related news, insider Stuart I. Oran sold 5,417 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.43, for a total transaction of $300,264.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald Luterman sold 5,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $54.74, for a total transaction of $273,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 157,576 shares of company stock worth $8,998,817 over the last three months. 9.60% of the stock is currently owned by insiders.



A number of research firms have recently weighed in on FCB. Royal Bank of Canada reaffirmed a “buy” rating on shares of FCB Financial in a research report on Thursday, April 26th. Zacks Investment Research raised shares of FCB Financial from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Monday, May 7th. ValuEngine raised shares of FCB Financial from a “hold” rating to a “buy” rating in a research report on Saturday, April 21st. Bank of America upped their target price on shares of FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, UBS began coverage on shares of FCB Financial in a research report on Wednesday, March 21st. They issued a “sell” rating and a $48.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $58.20.

NYSE:FCB opened at $60.75 on Friday. The stock has a market capitalization of $2.80 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 0.81 and a beta of 1.32. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. FCB Financial Holdings has a 1-year low of $39.90 and a 1-year high of $61.00.

FCB Financial (NYSE:FCB) last announced its quarterly earnings data on Tuesday, April 24th. The bank reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.03. FCB Financial had a net margin of 29.39% and a return on equity of 12.00%. The company had revenue of $90.81 million for the quarter, compared to the consensus estimate of $89.90 million. During the same period in the prior year, the firm posted $0.64 EPS. FCB Financial’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts forecast that FCB Financial Holdings will post 3.68 EPS for the current fiscal year.

About FCB Financial

FCB Financial Holdings, Inc operates as the bank holding company for Florida Community Bank, N.A. that provides various financial products and services to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company offers various deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificates of deposit; checking products; and money market accounts and IRAs.

Institutional Ownership by Quarter for FCB Financial (NYSE:FCB)

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