FCB Financial Holdings Inc (NYSE:FCB) Director Frederic V. Salerno sold 30,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $54.98, for a total transaction of $1,649,400.00. Following the completion of the transaction, the director now owns 34,200 shares of the company’s stock, valued at $1,880,316. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of FCB Financial Holdings Inc (FCB) opened at $53.25 on Tuesday. The company has a market cap of $2,360.00, a price-to-earnings ratio of 19.58, a P/E/G ratio of 0.81 and a beta of 1.34. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. FCB Financial Holdings Inc has a 1-year low of $39.90 and a 1-year high of $57.20.
FCB Financial (NYSE:FCB) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $85.85 million during the quarter, compared to analyst estimates of $88.53 million. FCB Financial had a net margin of 30.60% and a return on equity of 11.82%. During the same quarter in the previous year, the firm earned $0.62 EPS. analysts expect that FCB Financial Holdings Inc will post 3.62 earnings per share for the current year.
FCB has been the subject of several analyst reports. Bank of America boosted their target price on shares of FCB Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research lowered shares of FCB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $54.00 price target on shares of FCB Financial in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $59.20.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new stake in FCB Financial in the 2nd quarter worth $502,000. UBS Asset Management Americas Inc. increased its holdings in FCB Financial by 9.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,221 shares of the bank’s stock worth $1,061,000 after acquiring an additional 1,899 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in FCB Financial in the 3rd quarter worth $626,000. Voya Investment Management LLC increased its holdings in FCB Financial by 40.8% in the 2nd quarter. Voya Investment Management LLC now owns 16,236 shares of the bank’s stock worth $775,000 after acquiring an additional 4,706 shares in the last quarter. Finally, Emerald Advisers Inc. PA increased its holdings in FCB Financial by 6.7% in the 3rd quarter. Emerald Advisers Inc. PA now owns 677,903 shares of the bank’s stock worth $32,743,000 after acquiring an additional 42,390 shares in the last quarter. 92.47% of the stock is owned by institutional investors.
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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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