FCB Financial Holdings Inc (NYSE:FCB) insider Stuart I. Oran sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $49.39, for a total transaction of $148,170.00. Following the sale, the insider now directly owns 10,104 shares of the company’s stock, valued at approximately $499,036.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
FCB Financial Holdings Inc (NYSE:FCB) traded down 2.99% during mid-day trading on Friday, hitting $47.00. 414,275 shares of the stock were exchanged. FCB Financial Holdings Inc has a one year low of $31.98 and a one year high of $50.33. The company has a market cap of $1.95 billion, a P/E ratio of 20.35 and a beta of 1.38. The company has a 50-day moving average price of $48.32 and a 200-day moving average price of $44.90.
FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings results on Thursday, April 20th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. FCB Financial Holdings had a return on equity of 10.77% and a net margin of 28.63%. The company had revenue of $81.10 million for the quarter, compared to analyst estimates of $80.44 million. During the same quarter last year, the company posted $0.53 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts predict that FCB Financial Holdings Inc will post $2.72 earnings per share for the current fiscal year.
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Several institutional investors have recently modified their holdings of FCB. BlackRock Advisors LLC raised its position in shares of FCB Financial Holdings by 79.5% in the third quarter. BlackRock Advisors LLC now owns 17,800 shares of the bank’s stock valued at $684,000 after buying an additional 7,884 shares during the last quarter. DIAM Co. Ltd. purchased a new stake in FCB Financial Holdings during the third quarter valued at $250,000. Blue Rock Advisors LLC purchased a new stake in FCB Financial Holdings during the third quarter valued at $332,000. JPMorgan Chase & Co. increased its stake in FCB Financial Holdings by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 1,107,057 shares of the bank’s stock valued at $42,544,000 after buying an additional 12,862 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in FCB Financial Holdings by 2,654.3% in the third quarter. PNC Financial Services Group Inc. now owns 4,820 shares of the bank’s stock valued at $186,000 after buying an additional 4,645 shares during the period. Institutional investors own 95.97% of the company’s stock.
Several analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $52.00 price objective on shares of FCB Financial Holdings in a research report on Wednesday, April 5th. Zacks Investment Research raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, March 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $47.50.
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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