Macquarie Group Ltd. raised its holdings in FCB Financial Holdings Inc (NYSE:FCB) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 533,377 shares of the bank’s stock after purchasing an additional 26,485 shares during the quarter. Macquarie Group Ltd. owned about 1.20% of FCB Financial worth $27,096,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE increased its stake in FCB Financial by 3.8% in the fourth quarter. US Bancorp DE now owns 29,841 shares of the bank’s stock valued at $1,516,000 after purchasing an additional 1,094 shares during the period. Swiss National Bank increased its stake in FCB Financial by 3.4% in the fourth quarter. Swiss National Bank now owns 70,100 shares of the bank’s stock valued at $3,561,000 after purchasing an additional 2,300 shares during the period. Bank of New York Mellon Corp increased its stake in FCB Financial by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,232,159 shares of the bank’s stock valued at $62,594,000 after purchasing an additional 38,230 shares during the period. Citadel Advisors LLC increased its stake in FCB Financial by 8.4% in the third 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. Finally, Legal & General Group Plc increased its stake in FCB Financial by 29.5% in the third quarter. Legal & General Group Plc now owns 17,912 shares of the bank’s stock valued at $865,000 after purchasing an additional 4,075 shares during the period. Institutional investors own 92.87% of the company’s stock.
In other news, insider Stuart I. Oran sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $51.79, for a total transaction of $258,950.00. Following the transaction, the insider now directly owns 12,104 shares in the company, valued at $626,866.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kent S. Ellert sold 13,646 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $51.97, for a total transaction of $709,182.62. Following the transaction, the chief executive officer now owns 146,139 shares in the company, valued at $7,594,843.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 622,277 shares of company stock worth $33,883,223. Company insiders own 15.40% of the company’s stock.
FCB Financial Holdings Inc (NYSE FCB) opened at $53.30 on Friday. FCB Financial Holdings Inc has a one year low of $39.90 and a one year high of $57.90. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.64. The stock has a market cap of $2,509.00, a PE ratio of 19.52, a PEG ratio of 0.86 and a beta of 1.32.
FCB Financial (NYSE:FCB) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. FCB Financial had a net margin of 30.60% and a return on equity of 11.64%. The business had revenue of $85.85 million for the quarter, compared to analyst estimates of $88.53 million. During the same period in the previous year, the business posted $0.62 earnings per share. research analysts predict that FCB Financial Holdings Inc will post 3.59 EPS for the current year.
A number of research firms have commented on FCB. UBS began coverage on shares of FCB Financial in a research note on Wednesday. They issued a “sell” rating and a $48.00 price objective on the stock. Zacks Investment Research upgraded shares of FCB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada restated a “buy” rating and issued a $61.00 price objective on shares of FCB Financial in a research note on Wednesday, January 24th. Finally, Bank of America lifted their price objective on shares of FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.33.
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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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