FCB Financial Holdings, Inc. (NYSE:FCB) Director Paul A. Novelly sold 20,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $47.03, for a total value of $940,600.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $94,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
FCB Financial Holdings, Inc. (FCB) traded down 0.23% during midday trading on Friday, reaching $43.20. The company had a trading volume of 199,834 shares. The company has a 50-day moving average price of $46.81 and a 200-day moving average price of $47.41. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 15.06 and a beta of 1.29. FCB Financial Holdings, Inc. has a one year low of $35.55 and a one year high of $50.33.
FCB Financial Holdings (NYSE:FCB) last released 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. The business had revenue of $83 million during the quarter, compared to analyst estimates of $83.47 million. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. FCB Financial Holdings’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 EPS. On average, equities analysts expect that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current year.
FCB has been the subject of several recent research 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 reissued 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 raised FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, July 28th. Royal Bank Of Canada initiated coverage on FCB Financial Holdings in a research note on Monday, July 17th. They issued an “outperform” rating and a $56.00 price target for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of FCB Financial Holdings in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $51.67.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. raised its position in FCB Financial Holdings by 1.6% in the second quarter. Suntrust Banks Inc. now owns 8,937 shares of the bank’s stock worth $426,000 after buying an additional 142 shares during the last quarter. Clinton Group Inc. raised its position in FCB Financial Holdings by 0.9% in the first quarter. Clinton Group Inc. now owns 18,177 shares of the bank’s stock worth $901,000 after buying an additional 169 shares during the last quarter. HighTower Advisors LLC raised its position in FCB Financial Holdings by 0.8% in the second quarter. HighTower Advisors LLC now owns 27,280 shares of the bank’s stock worth $1,294,000 after buying an additional 227 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in FCB Financial Holdings by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 28,660 shares of the bank’s stock worth $1,420,000 after buying an additional 285 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its position in FCB Financial Holdings by 4.8% in the second quarter. Campbell Newman Asset Management Inc. now owns 9,211 shares of the bank’s stock worth $440,000 after buying an additional 426 shares during the last quarter. 92.63% of the stock is owned by institutional investors and hedge funds.
FCB Financial Holdings 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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