FCB Financial Holdings Inc (NYSE:FCB) Vice Chairman Les J. Lieberman sold 7,407 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $51.74, for a total value of $383,238.18. Following the completion of the transaction, the insider now directly owns 305,605 shares of the company’s stock, valued at approximately $15,812,002.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of FCB Financial Holdings Inc (NYSE:FCB) opened at $55.75 on Friday. FCB Financial Holdings Inc has a 52-week low of $39.90 and a 52-week high of $56.55. The company has a market cap of $2,420.00, a PE ratio of 18.90, a PEG ratio of 0.90 and a beta of 1.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94.
FCB Financial (NYSE:FCB) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $84.21 million during the quarter, compared to analyst estimates of $87.16 million. During the same quarter in the prior year, the firm earned $0.60 EPS. sell-side analysts expect that FCB Financial Holdings Inc will post 2.84 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCB. Schwab Charles Investment Management Inc. increased its position in shares of FCB Financial by 8.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 166,261 shares of the bank’s stock valued at $7,939,000 after purchasing an additional 12,672 shares during the last quarter. Rhumbline Advisers increased its position in shares of FCB Financial by 12.6% during the 2nd quarter. Rhumbline Advisers now owns 41,586 shares of the bank’s stock valued at $1,986,000 after purchasing an additional 4,644 shares during the last quarter. SG Americas Securities LLC increased its position in shares of FCB Financial by 84.8% during the 2nd quarter. SG Americas Securities LLC now owns 6,277 shares of the bank’s stock valued at $300,000 after purchasing an additional 2,880 shares during the last quarter. Legal & General Group Plc increased its position in shares of FCB Financial by 12.8% during the 2nd quarter. Legal & General Group Plc now owns 13,837 shares of the bank’s stock valued at $660,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of FCB Financial by 392.9% during the 2nd quarter. Federated Investors Inc. PA now owns 108,271 shares of the bank’s stock valued at $5,170,000 after purchasing an additional 86,303 shares during the last quarter. 93.72% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on FCB shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 target price on shares of FCB Financial in a research report on Tuesday, October 3rd. Zacks Investment Research lowered FCB Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $54.00 target price on shares of FCB Financial in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.00.
FCB Financial Company 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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