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.
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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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