FCB Financial Holdings, Inc. (NYSE:FCB) Director Paul A. Novelly sold 25,000 shares of FCB Financial Holdings stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $47.10, for a total transaction of $1,177,500.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $94,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of FCB Financial Holdings, Inc. (NYSE:FCB) traded down 0.23% during midday trading on Friday, hitting $43.20. 199,834 shares of the stock were exchanged. The firm’s 50-day moving average is $46.81 and its 200-day moving average is $47.41. FCB Financial Holdings, Inc. has a 12 month low of $35.55 and a 12 month high of $50.33. The stock 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 (NYSE:FCB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $83 million for the quarter, compared to the consensus estimate of $83.47 million. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. FCB Financial Holdings’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 earnings per share. Equities research analysts predict that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current year.
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FCB has been the subject of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of FCB Financial Holdings in a report on Monday, July 17th. They issued an “outperform” rating and a $56.00 price objective for the company. Zacks Investment Research raised shares of FCB Financial Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub downgraded shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $57.00 price objective (up previously from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $51.67.
Large investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. increased its stake 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 period. Clinton Group Inc. increased its stake 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 period. HighTower Advisors LLC increased its stake 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 period. Parametric Portfolio Associates LLC increased its stake 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 period. Finally, Campbell Newman Asset Management Inc. increased its stake 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 period. 92.63% of the stock is currently 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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