FCB Financial Holdings, Inc. (NYSE:FCB) CEO Kent S. Ellert sold 11,584 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $51.36, for a total value of $594,954.24. Following the sale, the chief executive officer now owns 145,435 shares in the company, valued at approximately $7,469,541.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of FCB Financial Holdings, Inc. (FCB) opened at $51.60 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $2,263.95, a PE ratio of 19.04, a P/E/G ratio of 1.28 and a beta of 1.36. FCB Financial Holdings, Inc. has a 12 month low of $39.90 and a 12 month high of $54.10.
FCB Financial (NYSE:FCB) last posted its earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. The company had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $87.16 million. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. During the same period last year, the firm earned $0.60 earnings per share. analysts predict that FCB Financial Holdings, Inc. will post 2.84 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in FCB Financial during the 2nd quarter valued at approximately $109,000. Valeo Financial Advisors LLC bought a new stake in FCB Financial during the 3rd quarter valued at approximately $146,000. Ameritas Investment Partners Inc. boosted its position in FCB Financial by 19.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after acquiring an additional 504 shares in the last quarter. M&R Capital Management Inc. boosted its position in FCB Financial by 600.0% during the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock valued at $152,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of FCB Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock valued at $194,000 after purchasing an additional 609 shares during the last quarter. 94.08% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on FCB shares. ValuEngine downgraded FCB Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $54.00 price objective on shares of FCB Financial in a report on Friday, September 8th. Zacks Investment Research downgraded FCB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price objective on shares of FCB Financial in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. FCB Financial presently has a consensus rating of “Hold” and a consensus price target of $53.40.
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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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