Stuart I. Oran Sells 5,151 Shares of FCB Financial Holdings, Inc. (NYSE:FCB) Stock

FCB Financial Holdings, Inc. (NYSE:FCB) insider Stuart I. Oran sold 5,151 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $41.94, for a total transaction of $216,032.94. Following the transaction, the insider now directly owns 12,255 shares of the company’s stock, valued at approximately $513,974.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

FCB Financial Holdings, Inc. (NYSE FCB) traded up 0.34% on Friday, hitting $43.75. 388,492 shares of the stock traded hands. FCB Financial Holdings, Inc. has a 12-month low of $35.55 and a 12-month high of $50.33. The firm’s 50-day moving average price is $44.33 and its 200-day moving average price is $46.82. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 15.25 and a beta of 1.31.

FCB Financial Holdings (NYSE:FCB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ 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 $83.00 million during the quarter, compared to analysts’ expectations of $83.47 million. During the same quarter in the previous year, the business earned $0.56 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts anticipate that FCB Financial Holdings, Inc. will post $2.80 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of FCB. Russell Investments Group Ltd. grew its holdings in shares of FCB Financial Holdings by 47.2% during the 1st quarter. Russell Investments Group Ltd. now owns 60,931 shares of the bank’s stock worth $3,019,000 after purchasing an additional 19,528 shares during the period. First Trust Advisors LP grew its holdings in shares of FCB Financial Holdings by 35.2% during the 1st quarter. First Trust Advisors LP now owns 78,605 shares of the bank’s stock worth $3,895,000 after purchasing an additional 20,461 shares during the period. American Century Companies Inc. grew its holdings in shares of FCB Financial Holdings by 8.3% during the 1st quarter. American Century Companies Inc. now owns 905,504 shares of the bank’s stock worth $44,868,000 after purchasing an additional 69,115 shares during the period. US Bancorp DE grew its holdings in shares of FCB Financial Holdings by 12.2% during the 1st quarter. US Bancorp DE now owns 22,409 shares of the bank’s stock worth $1,111,000 after purchasing an additional 2,429 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of FCB Financial Holdings by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,836,037 shares of the bank’s stock worth $90,975,000 after purchasing an additional 44,901 shares during the period. Institutional investors and hedge funds own 93.76% of the company’s stock.

Several brokerages have weighed in on FCB. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 target price on shares of FCB Financial Holdings in a research note on Thursday, July 27th. BidaskClub lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 target price on shares of FCB Financial Holdings in a research note on Friday, September 8th. Zacks Investment Research lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. FCB Financial Holdings presently has a consensus rating of “Hold” and a consensus price target of $53.40.

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.

Insider Buying and Selling by Quarter for FCB Financial Holdings (NYSE:FCB)

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