Vincent Tese Sells 56,429 Shares of FCB Financial Holdings, Inc. (FCB) Stock

FCB Financial Holdings, Inc. (NYSE:FCB) insider Vincent Tese sold 56,429 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $47.13, for a total value of $2,659,498.77. Following the transaction, the insider now directly owns 388,799 shares of the company’s stock, valued at approximately $18,324,096.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Vincent Tese also recently made the following trade(s):

  • On Thursday, August 3rd, Vincent Tese sold 8,508 shares of FCB Financial Holdings stock. The stock was sold at an average price of $47.03, for a total value of $400,131.24.
  • On Wednesday, August 2nd, Vincent Tese sold 10,487 shares of FCB Financial Holdings stock. The stock was sold at an average price of $47.10, for a total value of $493,937.70.
  • On Monday, June 5th, Vincent Tese sold 9,804 shares of FCB Financial Holdings stock. The stock was sold at an average price of $47.12, for a total value of $461,964.48.

FCB Financial Holdings, Inc. (NYSE:FCB) traded down 0.85% on Tuesday, hitting $46.70. The stock had a trading volume of 195,844 shares. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 16.28 and a beta of 1.29. FCB Financial Holdings, Inc. has a 1-year low of $35.55 and a 1-year high of $50.33. The company has a 50-day moving average price of $47.40 and a 200-day moving average price of $47.52.

FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. The company had revenue of $83 million for the quarter, compared to analysts’ expectations of $83.47 million. FCB Financial Holdings had a return on equity of 11.43% and a net margin of 33.95%. FCB Financial Holdings’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. Equities analysts predict that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Vincent Tese Sells 56,429 Shares of FCB Financial Holdings, Inc. (FCB) Stock” was first posted by BBNS and is the sole property of of BBNS. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://baseballnewssource.com/markets/vincent-tese-sells-56429-shares-of-fcb-financial-holdings-inc-fcb-stock/1409081.html.

FCB has been the subject of several research analyst reports. Royal Bank Of Canada initiated coverage on FCB Financial Holdings in a research note on Monday, July 17th. They set an “outperform” rating and a $56.00 target price for the company. Zacks Investment Research raised FCB Financial Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub downgraded FCB Financial Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. ValuEngine raised FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $57.00 target price (up previously from $56.00) on shares of FCB Financial Holdings in a research note on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. FCB Financial Holdings currently has an average rating of “Hold” and an average price target of $51.67.

Several institutional investors have recently made changes to their positions in FCB. SG Americas Securities LLC boosted its position in shares of 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 in the last quarter. 1st Global Advisors Inc. boosted its position in shares of FCB Financial Holdings by 97.0% in the first quarter. 1st Global Advisors Inc. now owns 17,258 shares of the bank’s stock worth $855,000 after buying an additional 8,498 shares in the last quarter. Systematic Financial Management LP purchased a new position in shares of FCB Financial Holdings during the first quarter worth $4,331,000. US Bancorp DE boosted its position in shares of FCB Financial Holdings by 12.2% in the first quarter. US Bancorp DE now owns 22,409 shares of the bank’s stock worth $1,111,000 after buying an additional 2,429 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of FCB Financial Holdings by 3.0% in the first quarter. Gabelli Funds LLC now owns 94,800 shares of the bank’s stock worth $4,697,000 after buying an additional 2,800 shares in the last quarter. 95.44% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for FCB Financial Holdings (NYSE:FCB)

Receive News & Ratings for FCB Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial Holdings Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.