FCB Financial Holdings, Inc. (NYSE:FCB) Director Paul A. Novelly sold 10,000 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $47.08, for a total value of $470,800.00. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at approximately $94,160. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
FCB Financial Holdings, Inc. (NYSE:FCB) traded down 0.23% on Friday, reaching $43.20. The company’s stock had a trading volume of 199,834 shares. The firm has a 50 day moving average of $46.81 and a 200 day moving average of $47.41. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 15.06 and a beta of 1.29. FCB Financial Holdings, Inc. has a 12 month low of $35.55 and a 12 month high of $50.33.
FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The firm had revenue of $83 million for the quarter, compared to analysts’ expectations of $83.47 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Analysts anticipate that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in FCB. Tower Research Capital LLC TRC bought a new stake in FCB Financial Holdings during the second quarter worth about $109,000. Oppenheimer Asset Management Inc. bought a new stake in FCB Financial Holdings during the first quarter worth about $117,000. Ameritas Investment Partners Inc. bought a new stake in FCB Financial Holdings during the first quarter worth about $128,000. M&R Capital Management Inc. raised its stake in FCB Financial Holdings by 600.0% in the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after buying an additional 3,000 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock worth $168,000 after buying an additional 649 shares during the last quarter. Institutional investors own 92.63% of the company’s stock.
FCB has been the topic of a number of research analyst reports. BidaskClub cut FCB Financial Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Deutsche Bank AG restated a “buy” rating and issued a $57.00 price target (up previously from $56.00) on shares of FCB Financial Holdings in a research note on Sunday, April 23rd. Zacks Investment Research upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Friday, July 28th. Royal Bank Of Canada began coverage on FCB Financial Holdings in a research report on Monday, July 17th. They set an “outperform” rating and a $56.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price objective on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $51.67.
About FCB Financial Holdings
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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