FCB Financial Holdings Inc (NYSE:FCB) insider Les J. Lieberman sold 20,969 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $53.72, for a total value of $1,126,454.68. Following the transaction, the insider now directly owns 313,789 shares of the company’s stock, valued at approximately $16,856,745.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
FCB Financial Holdings Inc (NYSE FCB) opened at $55.75 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. FCB Financial Holdings Inc has a fifty-two week low of $39.90 and a fifty-two week high of $56.55. The company has a market capitalization of $2,420.00, a price-to-earnings ratio of 18.90, a PEG ratio of 1.16 and a beta of 1.35.
FCB Financial (NYSE:FCB) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. The company had revenue of $84.21 million during the quarter, compared to analysts’ expectations of $87.16 million. During the same quarter in the previous year, the firm earned $0.60 EPS. research analysts expect that FCB Financial Holdings Inc will post 2.84 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC acquired a new position in FCB Financial in the 2nd quarter worth about $109,000. Valeo Financial Advisors LLC acquired a new position in FCB Financial in the 3rd quarter worth about $146,000. Ameritas Investment Partners Inc. increased its holdings in FCB Financial by 19.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after purchasing an additional 504 shares in the last quarter. M&R Capital Management Inc. increased its holdings in FCB Financial by 600.0% in the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in FCB Financial by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after purchasing an additional 609 shares in the last quarter. 93.72% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 price target for the company in a report on Thursday. Royal Bank of Canada reissued a “buy” rating and set a $54.00 price target on shares of FCB Financial in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price target on shares of FCB Financial in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. FCB Financial has an average rating of “Buy” and an average price target of $56.00.
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FCB Financial 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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