Insider Selling: FCB Financial Holdings Inc (FCB) Director Sells 30,000 Shares of Stock

FCB Financial Holdings Inc (NYSE:FCB) Director Frederic V. Salerno sold 30,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $54.98, for a total value of $1,649,400.00. Following the completion of the transaction, the director now directly owns 34,200 shares in the company, valued at approximately $1,880,316. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

FCB Financial Holdings Inc (NYSE:FCB) traded up $0.20 on Monday, reaching $53.45. The company had a trading volume of 111,407 shares, compared to its average volume of 210,521. FCB Financial Holdings Inc has a 1 year low of $39.90 and a 1 year high of $57.20. 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 firm has a market cap of $2,372.33, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34.

FCB Financial (NYSE:FCB) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. FCB Financial had a return on equity of 11.82% and a net margin of 30.60%. The firm had revenue of $85.85 million for the quarter, compared to analyst estimates of $88.53 million. During the same quarter in the prior year, the company earned $0.62 EPS. research analysts anticipate that FCB Financial Holdings Inc will post 3.62 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. increased its holdings in FCB Financial by 4.8% during the 4th quarter. OppenheimerFunds Inc. now owns 394,932 shares of the bank’s stock worth $20,063,000 after purchasing an additional 18,121 shares during the period. FDx Advisors Inc. purchased a new stake in FCB Financial during the 4th quarter worth about $311,000. UBS Asset Management Americas Inc. increased its holdings in FCB Financial by 12.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 25,903 shares of the bank’s stock worth $1,316,000 after purchasing an additional 2,824 shares during the period. BlackRock Inc. increased its holdings in FCB Financial by 3.0% during the 4th quarter. BlackRock Inc. now owns 2,546,146 shares of the bank’s stock worth $129,344,000 after purchasing an additional 74,651 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in FCB Financial by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,232,159 shares of the bank’s stock worth $62,594,000 after purchasing an additional 38,230 shares during the period. Institutional investors own 93.26% of the company’s stock.

FCB has been the topic of several recent analyst reports. Zacks Investment Research raised FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Tuesday, December 26th. Royal Bank of Canada reissued a “buy” rating and set a $54.00 target price on shares of FCB Financial in a research note on Wednesday, October 25th. Finally, Bank of America increased their target price on FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $59.20.

TRADEMARK VIOLATION WARNING: “Insider Selling: FCB Financial Holdings Inc (FCB) Director Sells 30,000 Shares of Stock” was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thelincolnianonline.com/2018/02/12/fcb-financial-holdings-inc-fcb-director-frederic-v-salerno-sells-30000-shares-updated.html.

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.

Insider Buying and Selling by Quarter for FCB Financial (NYSE:FCB)

Receive News & Ratings for FCB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply