FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 19,987 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $51.41, for a total transaction of $1,027,531.67. Following the transaction, the chief executive officer now owns 173,252 shares of the company’s stock, valued at approximately $8,906,885.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
FCB Financial Holdings Inc (NYSE:FCB) opened at $52.65 on Friday. FCB Financial Holdings Inc has a twelve month low of $39.90 and a twelve month high of $54.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market cap of $2,280.00, a price-to-earnings ratio of 17.85, a PEG ratio of 1.16 and a beta of 1.35.
FCB Financial (NYSE:FCB) last issued its earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. The business had revenue of $84.21 million during the quarter, compared to analysts’ expectations of $87.16 million. During the same quarter in the prior year, the business posted $0.60 EPS. sell-side analysts expect that FCB Financial Holdings Inc will post 2.84 earnings per share for the current year.
Several institutional investors have recently modified their holdings of FCB. Lazard Asset Management LLC acquired a new position in shares of FCB Financial in the 2nd quarter valued at $17,499,000. TimesSquare Capital Management LLC boosted its holdings in shares of FCB Financial by 217.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 532,600 shares of the bank’s stock valued at $25,432,000 after buying an additional 364,800 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of FCB Financial by 159.3% in the 3rd quarter. Macquarie Group Ltd. now owns 506,892 shares of the bank’s stock valued at $24,483,000 after buying an additional 311,406 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of FCB Financial by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock valued at $147,518,000 after buying an additional 262,969 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new position in shares of FCB Financial in the 3rd quarter valued at $11,094,000. Institutional investors and hedge funds own 93.72% of the company’s stock.
Several research analysts have commented on FCB shares. Zacks Investment Research cut shares of FCB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 target price on shares of FCB Financial in a report on Tuesday, October 3rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $54.00 target price on shares of FCB Financial in a report on Wednesday, October 25th. 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 stock. FCB Financial currently has an average rating of “Hold” and an average target price of $54.60.
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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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