American Century Companies Inc. increased its stake in shares of FCB Financial Holdings, Inc. (NYSE:FCB) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 832,951 shares of the bank’s stock after acquiring an additional 10,150 shares during the quarter. American Century Companies Inc. owned about 1.92% of FCB Financial Holdings worth $40,232,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of FCB Financial Holdings during the second quarter worth $109,000. Oppenheimer Asset Management Inc. bought a new position in shares of FCB Financial Holdings during the first quarter worth $117,000. Ameritas Investment Partners Inc. boosted its position in shares of FCB Financial Holdings by 19.5% during the second quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after acquiring an additional 504 shares during the last quarter. M&R Capital Management Inc. boosted its position in shares of FCB Financial Holdings by 600.0% during the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of FCB Financial Holdings by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after acquiring an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.
FCB Financial Holdings, Inc. (NYSE FCB) opened at $46.40 on Tuesday. FCB Financial Holdings, Inc. has a 12-month low of $39.05 and a 12-month high of $50.33. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market cap of $1,998.49, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.30.
FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.05. FCB Financial Holdings had a net margin of 34.09% and a return on equity of 11.42%. The business had revenue of $84.21 million during the quarter, compared to analyst estimates of $87.16 million. During the same quarter last year, the business earned $0.60 earnings per share. equities research analysts forecast that FCB Financial Holdings, Inc. will post 2.84 EPS for the current fiscal year.
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In other FCB Financial Holdings news, insider Stuart I. Oran sold 15,151 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $41.45, for a total transaction of $628,008.95. Following the completion of the transaction, the insider now owns 12,255 shares in the company, valued at $507,969.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Les J. Lieberman sold 20,093 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $47.59, for a total transaction of $956,225.87. Following the transaction, the insider now owns 322,105 shares of the company’s stock, valued at approximately $15,328,976.95. The disclosure for this sale can be found here. Insiders have sold 459,429 shares of company stock valued at $20,989,209 in the last quarter. 15.40% of the stock is owned by company insiders.
A number of equities analysts recently weighed in on FCB shares. Royal Bank Of Canada started coverage on shares of FCB Financial Holdings in a research report on Monday, July 17th. They set an “outperform” rating and a $56.00 target price for the company. BidaskClub lowered shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 target price on shares of FCB Financial Holdings in a research report on Tuesday, October 3rd. ValuEngine lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.40.
FCB Financial Holdings 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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