UBS Asset Management Americas Inc. increased its position in FCB Financial Holdings, Inc. (NYSE:FCB) by 57.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,322 shares of the bank’s stock after buying an additional 7,418 shares during the period. UBS Asset Management Americas Inc.’s holdings in FCB Financial Holdings were worth $1,007,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. First Mercantile Trust Co. bought a new position in FCB Financial Holdings during the first quarter worth about $253,000. Suntrust Banks Inc. raised its position in FCB Financial Holdings by 6.6% in the first quarter. Suntrust Banks Inc. now owns 8,795 shares of the bank’s stock worth $435,000 after buying an additional 544 shares in the last quarter. Guggenheim Capital LLC bought a new position in FCB Financial Holdings during the fourth quarter worth about $455,000. US Bancorp DE raised its position in 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, BNP Paribas Arbitrage SA raised its position in FCB Financial Holdings by 610.7% in the first quarter. BNP Paribas Arbitrage SA now owns 24,073 shares of the bank’s stock worth $1,193,000 after buying an additional 20,686 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FCB Financial Holdings, Inc. (NYSE FCB) opened at 47.80 on Tuesday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 17.98 and a beta of 1.31. FCB Financial Holdings, Inc. has a one year low of $34.24 and a one year high of $50.33. The firm has a 50-day moving average price of $46.82 and a 200-day moving average price of $47.50.
FCB Financial Holdings (NYSE:FCB) last posted its earnings results on Thursday, April 20th. The bank reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. FCB Financial Holdings had a net margin of 32.07% and a return on equity of 10.81%. The firm had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $80.44 million. During the same quarter in the prior year, the firm earned $0.53 EPS. FCB Financial Holdings’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts anticipate that FCB Financial Holdings, Inc. will post $2.70 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the company. Royal Bank Of Canada assumed coverage on FCB Financial Holdings in a report on Monday. They set an “outperform” rating and a $56.00 price target on the stock. ValuEngine raised FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised FCB Financial Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 price target on shares of FCB Financial Holdings in a report on Wednesday, April 5th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $57.00 price target (up previously from $56.00) on shares of FCB Financial Holdings in a report on Sunday, April 23rd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $51.83.
In other FCB Financial Holdings news, Director Alan S. Bernikow sold 5,870 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $49.00, for a total value of $287,630.00. Following the completion of the transaction, the director now owns 10,070 shares in the company, valued at approximately $493,430. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stuart I. Oran sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $45.99, for a total transaction of $137,970.00. Following the completion of the transaction, the insider now owns 10,104 shares of the company’s stock, valued at approximately $464,682.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 629,368 shares of company stock valued at $30,053,486. 15.40% of the stock is owned by insiders.
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.
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