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.
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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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