US Bancorp DE grew its holdings in shares of FCB Financial Holdings Inc (NYSE:FCB) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,841 shares of the bank’s stock after buying an additional 1,094 shares during the period. US Bancorp DE’s holdings in FCB Financial were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in shares of FCB Financial by 19.5% during the second quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after buying an additional 504 shares during the last quarter. Victory Capital Management Inc. raised its holdings in FCB Financial by 34.5% during the third quarter. Victory Capital Management Inc. now owns 5,464 shares of the bank’s stock worth $264,000 after purchasing an additional 1,402 shares in the last quarter. Gotham Asset Management LLC raised its holdings in FCB Financial by 37.9% during the second quarter. Gotham Asset Management LLC now owns 6,015 shares of the bank’s stock worth $287,000 after purchasing an additional 1,652 shares in the last quarter. American International Group Inc. raised its holdings in FCB Financial by 8.1% during the third quarter. American International Group Inc. now owns 23,610 shares of the bank’s stock worth $1,140,000 after purchasing an additional 1,765 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in FCB Financial by 5.5% during the third quarter. Sei Investments Co. now owns 33,889 shares of the bank’s stock worth $1,637,000 after purchasing an additional 1,767 shares in the last quarter. 91.78% of the stock is currently owned by institutional investors.
In other FCB Financial news, Director Thomas E. Constance sold 1,641 shares of FCB Financial stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $49.00, for a total transaction of $80,409.00. Following the transaction, the director now directly owns 3,641 shares in the company, valued at approximately $178,409. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stuart I. Oran sold 5,000 shares of FCB Financial stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $54.53, for a total transaction of $272,650.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 862,313 shares of company stock worth $45,646,691. 15.40% of the stock is currently owned by company insiders.
FCB Financial Holdings Inc (NYSE FCB) opened at $55.55 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market cap of $2,474.80, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 0.82 and a beta of 1.34. FCB Financial Holdings Inc has a 12-month low of $39.90 and a 12-month high of $57.20.
FCB Financial (NYSE:FCB) last posted its quarterly 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. The firm had revenue of $85.85 million for 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 in the previous year, the business posted $0.62 earnings per share. equities analysts forecast that FCB Financial Holdings Inc will post 3.62 EPS for the current year.
FCB has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $54.00 target price on shares of FCB Financial in a report on Wednesday, October 25th. Zacks Investment Research raised FCB Financial from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, December 26th. Finally, Bank of America boosted their target price on FCB Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $59.20.
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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