Public Employees Retirement System of Ohio continued to hold its stake in shares of FCB Financial Holdings, Inc. (NYSE:FCB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,497 shares of the bank’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned approximately 0.08% of FCB Financial Holdings worth $1,709,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in FCB Financial Holdings during the first quarter valued at $117,000. Ameritas Investment Partners Inc. purchased a new position in FCB Financial Holdings during the first quarter valued at $128,000. SG Americas Securities LLC boosted its position in FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock valued at $168,000 after buying an additional 649 shares in the last quarter. Victory Capital Management Inc. boosted its position in FCB Financial Holdings by 16.7% in the first quarter. Victory Capital Management Inc. now owns 3,453 shares of the bank’s stock valued at $171,000 after buying an additional 494 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new position in FCB Financial Holdings during the first quarter valued at $204,000. 95.44% of the stock is owned by institutional investors.
FCB Financial Holdings, Inc. (FCB) opened at 43.65 on Friday. The stock’s 50 day moving average price is $47.17 and its 200-day moving average price is $47.51. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 15.21 and a beta of 1.29. FCB Financial Holdings, Inc. has a 52 week low of $35.55 and a 52 week high of $50.33.
FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The business had revenue of $83 million for the quarter, compared to the consensus estimate of $83.47 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. FCB Financial Holdings’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts forecast that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on FCB shares. Zacks Investment Research raised FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Friday, July 28th. ValuEngine raised FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Deutsche Bank AG reissued a “buy” rating and set a $57.00 price target (up from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. BidaskClub cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. FCB Financial Holdings has an average rating of “Hold” and an average target price of $51.67.
In other FCB Financial Holdings news, insider Les J. Lieberman sold 6,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $47.14, for a total transaction of $282,840.00. Following the sale, the insider now owns 342,198 shares in the company, valued at $16,131,213.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan S. Bernikow sold 5,870 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $49.00, for a total transaction of $287,630.00. Following the completion of the transaction, the director now directly owns 10,070 shares in the company, valued at approximately $493,430. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 596,649 shares of company stock worth $28,118,048. Company insiders own 15.40% of the company’s stock.
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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