Insider Selling: FCB Financial Holdings Inc (NYSE:FCB) CEO Sells 32,301 Shares of Stock

FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 32,301 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $55.16, for a total transaction of $1,781,723.16. Following the completion of the sale, the chief executive officer now owns 228,828 shares of the company’s stock, valued at $12,622,152.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of FCB Financial Holdings Inc (NYSE:FCB) traded up $0.20 during mid-day trading on Monday, reaching $53.45. 111,407 shares of the company’s stock traded hands, compared to its average volume of 210,521. 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 stock has a market capitalization of $2,372.33, a price-to-earnings ratio of 19.58, a PEG ratio of 0.78 and a beta of 1.34. FCB Financial Holdings Inc has a one year low of $39.90 and a one year high of $57.20.

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

A number of hedge funds have recently made changes to their positions in FCB. Schwab Charles Investment Management Inc. boosted its stake in shares of FCB Financial by 8.3% in the second 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 period. Legal & General Group Plc boosted its stake in shares of FCB Financial by 12.8% in the second 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 period. Victory Capital Management Inc. boosted its stake in shares of FCB Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock valued at $194,000 after purchasing an additional 609 shares during the period. Swiss National Bank boosted its stake in shares of FCB Financial by 14.0% in the second quarter. Swiss National Bank now owns 65,300 shares of the bank’s stock valued at $3,118,000 after purchasing an additional 8,000 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of FCB Financial by 7.3% in the second quarter. Wells Fargo & Company MN now owns 246,281 shares of the bank’s stock valued at $11,760,000 after purchasing an additional 16,767 shares during the period. 93.26% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $61.00 target price on shares of FCB Financial in a research report on Wednesday, January 24th. Bank of America raised their price objective 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, Zacks Investment Research upgraded shares of FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a research report on Thursday, January 11th. One 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 stock. FCB Financial currently has an average rating of “Buy” and a consensus target price of $59.20.

TRADEMARK VIOLATION WARNING: “Insider Selling: FCB Financial Holdings Inc (NYSE:FCB) CEO Sells 32,301 Shares of Stock” was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.thelincolnianonline.com/2018/02/12/insider-selling-fcb-financial-holdings-inc-fcb-ceo-sells-1781723-16-in-stock-updated-updated-updated.html.

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.

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