FCB Financial Holdings Inc (NYSE:FCB) insider Stuart I. Oran sold 5,417 shares of FCB Financial stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.43, for a total value of $300,264.31. The sale was disclosed in a filing with the SEC, which is available at this link.
FCB Financial Holdings Inc (FCB) opened at $55.70 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94. FCB Financial Holdings Inc has a one year low of $39.90 and a one year high of $57.20. The company has a market capitalization of $2,432.47, a P/E ratio of 20.40, a PEG ratio of 0.80 and a beta of 1.34.
FCB Financial (NYSE:FCB) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.76 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 company had revenue of $85.85 million during the quarter, compared to the consensus estimate of $88.53 million. During the same period in the previous year, the company posted $0.62 EPS. research analysts anticipate that FCB Financial Holdings Inc will post 3.62 earnings per share for the current fiscal year.
Several research analysts have recently commented on the company. Royal Bank of Canada reiterated a “buy” rating and set a $61.00 target price on shares of FCB Financial in a research note on Wednesday, January 24th. Bank of America lifted 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. Finally, Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $59.20.
Hedge funds and other institutional investors have recently modified their holdings of the company. Chicago Equity Partners LLC bought a new position in shares of FCB Financial during the 3rd quarter worth approximately $626,000. Voya Investment Management LLC boosted its stake in FCB Financial by 40.8% in the 2nd quarter. Voya Investment Management LLC now owns 16,236 shares of the bank’s stock valued at $775,000 after purchasing an additional 4,706 shares during the period. Emerald Advisers Inc. PA boosted its stake in FCB Financial by 6.7% in the 3rd quarter. Emerald Advisers Inc. PA now owns 677,903 shares of the bank’s stock valued at $32,743,000 after purchasing an additional 42,390 shares during the period. Boston Partners boosted its stake in FCB Financial by 3.3% in the 3rd quarter. Boston Partners now owns 850,100 shares of the bank’s stock valued at $41,059,000 after purchasing an additional 26,987 shares during the period. Finally, Citadel Advisors LLC boosted its stake in FCB Financial by 8.4% in the 3rd quarter. Citadel Advisors LLC now owns 627,141 shares of the bank’s stock valued at $30,291,000 after purchasing an additional 48,695 shares during the period. Institutional investors own 91.78% of the company’s stock.
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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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